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BIRMINGHAM-BLOOMFIELD CREDIT UNION

Mar, 31, 2022 — BIRMINGHAM-BLOOMFIELD CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, MI with 8 branch locations and about $350.88 million in total assets. Opened 91 years ago in 1931, BIRMINGHAM-BLOOMFIELD CREDIT UNION has about 23,854 members and employs 66 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: 272477199
Name:BIRMINGHAM-BLOOMFIELD CREDIT UNION
Address:
(Main Office)
576 E Lincoln St
BIRMINGHAM, MI 48009-1757
Phone:(248) 647-5958
Fax:(248) 647-9072
Website:http://www.michiganunitedcu.org
Branches:8 branch locations
Members:23,854
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61698
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1931
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$350,883,986
CEO/Manager:Andrew Staley
Chairperson:Richard Perry

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 42,177,682
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 44,924,249
 Unsecured Loans 11,829,422
 Other Loans 81,204,509
 TOTAL LOANS 138,048,732
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -237,917
 Land And Building 5,814,417
 Other Fixed Assets 736,832
 NCUSIF Deposit 2,976,912
 All Other Assets 0
  TOTAL ASSETS 350,883,986
LIABILITIES & CAPITAL:  
 Dividends Payable 2,668
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,818,280
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 65,317,356
 Regular shares 145,375,217
 All Other Shares & Deposits 106,762,061
  TOTAL SHARES & DEPOSITS 317,454,634
  TOTAL LIABILITIES 319,275,582
 Regular Reserve 0
 Other Reserves 23,876,950
 Undivided Earnings 7,731,454
  TOTAL EQUITY 31,608,404
  TOTAL LIABILITIES, SHARES, & EQUITY 350,883,986
INCOME & EXPENSE  
 Loan Income 1,338,326
 Investment Income 372,564
 Other Income 205,119
 Total Employee Compensation & Benefits 1,299,448
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,061,307
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,563
 Cost of Funds 52,640
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,638
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