Sep, 30, 2025 — COMMUNITY WEST CREDIT UNION is a federally insured state chartered credit union headquartered in KENTWOOD, MI with 5 branch locations and about $247.66 million in total assets. Opened 59 years ago in 1967, COMMUNITY WEST CREDIT UNION has about 18,262 members and employs 65 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 WEST CREDIT UNION |
|---|---|
| Address: (Main Office) | 5801 Broadmoor Ave SE KENTWOOD, MI 49512 |
| Phone: | (616) 261-5657 |
| Fax: | (616) 698-0955 |
| Website: | https://www.communitywestcu.org |
| Branches: | 5 branch locations |
| Members: | 18,262 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61677 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $247,662,881 |
| CEO/Manager: | Heidi Hunt |
| Chairperson: | Pamela Hove |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,014,725 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 140,000 |
| Real Estate Loans | 72,745,322 |
| Unsecured Loans | 12,879,662 |
| Other Loans | 62,623,705 |
| TOTAL LOANS | 148,248,688 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -976,596 |
| Land And Building | 8,844,127 |
| Other Fixed Assets | 570,762 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,169,200 |
| All Other Assets | 0 |
| TOTAL ASSETS | 247,662,881 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 388,900 |
| Notes & Interest Payable | 4,096,931 |
| Accounts Payable & Other Liabilities | 2,045,946 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 45,365,575 |
| Regular shares | 67,941,011 |
| All Other Shares & Deposits | 110,635,205 |
| TOTAL SHARES & DEPOSITS | 223,941,792 |
| TOTAL LIABILITIES | 230,473,569 |
| Regular Reserve | 0 |
| Other Reserves | -965,451 |
| Undivided Earnings | 18,154,763 |
| TOTAL EQUITY | 17,189,312 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 247,662,881 |
| INCOME & EXPENSE | |
| Loan Income | 6,381,952 |
| Investment Income | 1,879,115 |
| Other Income | 1,261,977 |
| Total Employee Compensation & Benefits | 3,920,049 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,449,276 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,028 |
| Cost of Funds | 2,909,945 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 312,170 |
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