Dec, 31, 2023 — EASTPOINTE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in EASTPOINTE, MI with 1 branch location and about $11.15 million in total assets. Opened 74 years ago in 1950, EASTPOINTE COMMUNITY CREDIT UNION has about 1,412 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EASTPOINTE COMMUNITY CREDIT UNION |
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Address: (Main Office) | 22544 Gratiot Ave EASTPOINTE, MI 48021-2312 |
Phone: | (586) 775-3160 |
Fax: | (586) 775-3160 |
Website: | https://www.eastpointeccu.com |
Branches: | 1 branch locations |
Members: | 1,412 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60124 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,145,113 |
CEO/Manager: | Theresa Hing |
Chairperson: | Deborah Szukala |
ASSETS: | $ Amount |
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Cash & Equivalents | 527,459 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 474,714 |
Unsecured Loans | 264,564 |
Other Loans | 5,771,784 |
TOTAL LOANS | 6,512,646 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,210 |
Land And Building | 8,881 |
Other Fixed Assets | 7,258 |
NCUSIF Deposit | 105,197 |
All Other Assets | 0 |
TOTAL ASSETS | 11,145,113 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 16,949 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,116,869 |
Regular shares | 7,575,028 |
All Other Shares & Deposits | 15,813 |
TOTAL SHARES & DEPOSITS | 10,707,711 |
TOTAL LIABILITIES | 10,724,660 |
Regular Reserve | 0 |
Other Reserves | -266,275 |
Undivided Earnings | 686,728 |
TOTAL EQUITY | 420,453 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,145,113 |
INCOME & EXPENSE | |
Loan Income | 302,060 |
Investment Income | 69,851 |
Other Income | 183,362 |
Total Employee Compensation & Benefits | 243,015 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 305,390 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -15,183 |
Cost of Funds | 6,514 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,537 |
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