CHIPPEWA COUNTY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://chippewacountycu.com for more information.
Sep, 30, 2025 — CHIPPEWA COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in Sault Sainte Ma, MI with 2 branch locations and about $38.95 million in total assets. Opened 71 years ago in 1955, CHIPPEWA COUNTY CREDIT UNION has about 3,303 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHIPPEWA COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 402 W Spruce St Sault Sainte Ma, MI 49783-1848 |
| Phone: | (906) 632-3134 |
| Fax: | (906) 632-3137 |
| Website: | https://chippewacountycu.com |
| Branches: | 2 branch locations |
| Members: | 3,303 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61416 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,953,458 |
| CEO/Manager: | Connie Toensing |
| Chairperson: | Tom Luoma |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,024,536 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,054,388 |
| Unsecured Loans | 1,448,102 |
| Other Loans | 10,735,148 |
| TOTAL LOANS | 18,237,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,933 |
| Land And Building | 865,481 |
| Other Fixed Assets | 32,380 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 340,428 |
| All Other Assets | 195,393 |
| TOTAL ASSETS | 38,953,458 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,693 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 265,021 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,827,471 |
| Regular shares | 18,724,397 |
| All Other Shares & Deposits | 8,307,233 |
| TOTAL SHARES & DEPOSITS | 34,859,101 |
| TOTAL LIABILITIES | 35,131,815 |
| Regular Reserve | 0 |
| Other Reserves | 601,668 |
| Undivided Earnings | 3,219,975 |
| TOTAL EQUITY | 3,821,643 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,953,458 |
| INCOME & EXPENSE | |
| Loan Income | 685,523 |
| Investment Income | 142,720 |
| Other Income | 290,719 |
| Total Employee Compensation & Benefits | 477,235 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 690,963 |
| Non-operating Income & (Expense) | -34,036 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 19,089 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 137,340 |
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