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National Credit Union Service Organization

FAMILY FINANCIAL CREDIT UNION

Dec, 31, 2023 — FAMILY FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in NORTON SHORES, MI with 4 branch locations and about $152.91 million in total assets. Opened 65 years ago in 1959, FAMILY FINANCIAL CREDIT UNION has about 16,799 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272483251
Name:FAMILY FINANCIAL CREDIT UNION
Address:
(Main Office)
3575 Henry St
NORTON SHORES, MI 49441
Phone:(231) 733-4600
Fax:(231) 733-1631
Website:https://www.ff-cu.org
Branches:4 branch locations
Members:16,799
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61633
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$152,909,305
CEO/Manager:Deb Dietz
Chairperson:Kevin Huss

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,281,447
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 31,593,475
 Unsecured Loans 5,579,394
 Other Loans 62,855,866
 TOTAL LOANS 100,028,734
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -239,386
 Land And Building 3,701,498
 Other Fixed Assets 955,524
 NCUSIF Deposit 1,361,760
 All Other Assets 0
  TOTAL ASSETS 152,909,305
LIABILITIES & CAPITAL:  
 Dividends Payable 45,133
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,997,261
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,521,617
 Regular shares 57,453,658
 All Other Shares & Deposits 55,845,673
  TOTAL SHARES & DEPOSITS 134,820,947
  TOTAL LIABILITIES 136,863,341
 Regular Reserve 0
 Other Reserves -2,124,734
 Undivided Earnings 18,170,698
  TOTAL EQUITY 16,045,964
  TOTAL LIABILITIES, SHARES, & EQUITY 152,909,305
INCOME & EXPENSE  
 Loan Income 4,777,150
 Investment Income 1,091,758
 Other Income 1,488,200
 Total Employee Compensation & Benefits 2,644,501
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,260,133
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 118,747
 Cost of Funds 870,872
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 833,578
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