COMMUNITY ALLIANCE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.communityalliancecu.org for more information.
Dec, 31, 2023 — COMMUNITY ALLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in Livonia, MI with 1 branch location and about $104.16 million in total assets. Opened 58 years ago in 1966, COMMUNITY ALLIANCE CREDIT UNION has about 7,126 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY ALLIANCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 39209 6 Mile Rd Ste 160 Livonia, MI 48152-2681 |
| Phone: | (800) 287-0046 |
| Fax: | (248) 349-1324 |
| Website: | https://www.communityalliancecu.org |
| Branches: | 1 branch locations |
| Members: | 7,126 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61184 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $104,157,143 |
| CEO/Manager: | Michele Wollard |
| Chairperson: | Karen Sanborn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,525,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,840,944 |
| Unsecured Loans | 9,532,753 |
| Other Loans | 16,481,867 |
| TOTAL LOANS | 54,146,159 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -363,346 |
| Land And Building | 3,302,583 |
| Other Fixed Assets | 110,324 |
| NCUSIF Deposit | 970,548 |
| All Other Assets | 11,429 |
| TOTAL ASSETS | 104,157,143 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,171 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 725,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,900,689 |
| Regular shares | 37,181,302 |
| All Other Shares & Deposits | 38,586,984 |
| TOTAL SHARES & DEPOSITS | 97,668,975 |
| TOTAL LIABILITIES | 98,409,942 |
| Regular Reserve | 0 |
| Other Reserves | -1,645,018 |
| Undivided Earnings | 7,392,219 |
| TOTAL EQUITY | 5,747,201 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,157,143 |
| INCOME & EXPENSE | |
| Loan Income | 2,318,680 |
| Investment Income | 525,026 |
| Other Income | 740,768 |
| Total Employee Compensation & Benefits | 1,761,273 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,047,510 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,658 |
| Cost of Funds | 108,487 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,921 |
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