Sep, 30, 2025 — TAHQUAMENON AREA CREDIT UNION is a federally insured state chartered credit union headquartered in NEWBERRY, MI with 2 branch locations and about $66.33 million in total assets. Opened 71 years ago in 1955, TAHQUAMENON AREA CREDIT UNION has about 4,636 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TAHQUAMENON AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 7693 State Hwy M123 NEWBERRY, MI 49868 |
| Phone: | (906) 293-5117 |
| Fax: | |
| Website: | https://www.tacumi.com |
| Branches: | 2 branch locations |
| Members: | 4,636 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60423 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,332,020 |
| CEO/Manager: | Shannon Laidlaw |
| Chairperson: | Michael Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,030,935 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,319,708 |
| Unsecured Loans | 4,219,441 |
| Other Loans | 15,035,529 |
| TOTAL LOANS | 25,574,678 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -163,438 |
| Land And Building | 1,013,707 |
| Other Fixed Assets | 140,033 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 635,397 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,332,020 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 77,796 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 492,540 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,687,541 |
| Regular shares | 29,979,374 |
| All Other Shares & Deposits | 14,075,759 |
| TOTAL SHARES & DEPOSITS | 59,742,675 |
| TOTAL LIABILITIES | 60,313,011 |
| Regular Reserve | 0 |
| Other Reserves | -1,977,080 |
| Undivided Earnings | 7,996,089 |
| TOTAL EQUITY | 6,019,009 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,332,020 |
| INCOME & EXPENSE | |
| Loan Income | 1,234,726 |
| Investment Income | 483,550 |
| Other Income | 612,396 |
| Total Employee Compensation & Benefits | 881,202 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,092,456 |
| Non-operating Income & (Expense) | 16,557 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,697 |
| Cost of Funds | 310,253 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,863 |
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