Sep, 30, 2025 — AEROQUIP CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, MI with 3 branch locations and about $50.27 million in total assets. Opened 77 years ago in 1949, AEROQUIP CREDIT UNION has about 3,983 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AEROQUIP CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 Plymouth St JACKSON, MI 49201 |
| Phone: | (517) 789-2890 |
| Fax: | (517) 782-7607 |
| Website: | https://www.aeroquipcu.com |
| Branches: | 3 branch locations |
| Members: | 3,983 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61405 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $50,269,122 |
| CEO/Manager: | Lisa K Robinson |
| Chairperson: | Linda K Way |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,951,295 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,868,751 |
| Unsecured Loans | 3,261,458 |
| Other Loans | 11,137,445 |
| TOTAL LOANS | 28,522,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,181 |
| Land And Building | 690,525 |
| Other Fixed Assets | 65,794 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 404,801 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,269,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,664 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 695,933 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,853,120 |
| Regular shares | 20,099,015 |
| All Other Shares & Deposits | 10,827,757 |
| TOTAL SHARES & DEPOSITS | 41,779,891 |
| TOTAL LIABILITIES | 42,482,488 |
| Regular Reserve | 0 |
| Other Reserves | 860,214 |
| Undivided Earnings | 6,926,420 |
| TOTAL EQUITY | 7,786,634 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,269,122 |
| INCOME & EXPENSE | |
| Loan Income | 1,348,100 |
| Investment Income | 349,459 |
| Other Income | 130,197 |
| Total Employee Compensation & Benefits | 800,093 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 850,080 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 153,951 |
| Cost of Funds | 73,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 231,573 |
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