Dec, 31, 2023 — ISABELLA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MT PLEASANT, MI with 4 branch locations and about $191.67 million in total assets. Opened 66 years ago in 1958, ISABELLA COMMUNITY CREDIT UNION has about 13,389 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ISABELLA COMMUNITY CREDIT UNION |
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Address: (Main Office) | 2400 S Isabella RD MT PLEASANT, MI 48858 |
Phone: | (989) 773-5927 |
Fax: | (989) 773-8757 |
Website: | https://www.iccuonline.com |
Branches: | 4 branch locations |
Members: | 13,389 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61318 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $191,665,027 |
CEO/Manager: | Jenny Hoyle |
Chairperson: | Tina Powell |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,915,453 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 66,756,294 |
Unsecured Loans | 9,708,402 |
Other Loans | 33,785,742 |
TOTAL LOANS | 110,332,077 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -537,693 |
Land And Building | 3,335,392 |
Other Fixed Assets | 447,427 |
NCUSIF Deposit | 1,727,311 |
All Other Assets | 0 |
TOTAL ASSETS | 191,665,027 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 71,971 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,346,553 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,273,936 |
Regular shares | 55,614,477 |
All Other Shares & Deposits | 85,497,473 |
TOTAL SHARES & DEPOSITS | 174,385,886 |
TOTAL LIABILITIES | 176,807,773 |
Regular Reserve | 0 |
Other Reserves | -2,350,494 |
Undivided Earnings | 17,207,748 |
TOTAL EQUITY | 14,857,254 |
TOTAL LIABILITIES, SHARES, & EQUITY | 191,665,027 |
INCOME & EXPENSE | |
Loan Income | 5,456,997 |
Investment Income | 1,402,106 |
Other Income | 1,317,847 |
Total Employee Compensation & Benefits | 3,327,129 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,492,346 |
Non-operating Income & (Expense) | 117,506 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 515,047 |
Cost of Funds | 2,117,892 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 341,368 |
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