Sep, 30, 2025 — SECURITY CREDIT UNION is a federally insured state chartered credit union headquartered in HOLLY, MI with 15 branch locations and about $628.55 million in total assets. Opened 71 years ago in 1955, SECURITY CREDIT UNION has about 53,663 members and employs 166 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SECURITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 5255 Security Park Blvd HOLLY, MI 48442-9569 |
| Phone: | (810) 235-2322 |
| Fax: | |
| Website: | https://www.securitycu.org |
| Branches: | 15 branch locations |
| Members: | 53,663 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61159 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $628,546,730 |
| CEO/Manager: | Jay Yax |
| Chairperson: | Phillip Thick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,997,238 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 189,052,617 |
| Unsecured Loans | 24,600,415 |
| Other Loans | 295,561,291 |
| TOTAL LOANS | 509,350,753 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,883,299 |
| Land And Building | 29,377,908 |
| Other Fixed Assets | 4,606,661 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,331,702 |
| All Other Assets | 1,356,931 |
| TOTAL ASSETS | 628,546,730 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 486,526 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,164,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
| Share Drafts | 103,802,283 |
| Regular shares | 249,260,579 |
| All Other Shares & Deposits | 206,435,008 |
| TOTAL SHARES & DEPOSITS | 559,497,871 |
| TOTAL LIABILITIES | 575,148,754 |
| Regular Reserve | 0 |
| Other Reserves | 11,897,818 |
| Undivided Earnings | 41,500,158 |
| TOTAL EQUITY | 53,397,976 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 628,546,730 |
| INCOME & EXPENSE | |
| Loan Income | 24,082,549 |
| Investment Income | 1,496,950 |
| Other Income | 3,102,835 |
| Total Employee Compensation & Benefits | 10,763,779 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 12,049,460 |
| Non-operating Income & (Expense) | 483,116 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,396,775 |
| Cost of Funds | 3,662,232 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 841,699 |
| ↑ Back to Top | |