Dec, 31, 2023 — TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 1 branch location and about $15.89 million in total assets. Opened 56 years ago in 1968, TEAMSTERS CREDIT UNION has about 1,521 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAMSTERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2825 Trumbull St DETROIT, MI 48216-1270 |
| Phone: | (313) 962-4666 |
| Fax: | (313) 963-5850 |
| Website: | https://teamsterscreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,521 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61791 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,894,947 |
| CEO/Manager: | Darren Cameron |
| Chairperson: | Larry Freeman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,157,270 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,932 |
| Unsecured Loans | 1,324,168 |
| Other Loans | 3,731,024 |
| TOTAL LOANS | 5,079,124 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -293,717 |
| Land And Building | 113,944 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 115,309 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,894,947 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 182 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,782 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,420,417 |
| Regular shares | 7,089,294 |
| All Other Shares & Deposits | 866,530 |
| TOTAL SHARES & DEPOSITS | 14,376,242 |
| TOTAL LIABILITIES | 14,441,206 |
| Regular Reserve | 0 |
| Other Reserves | 311,381 |
| Undivided Earnings | 1,142,360 |
| TOTAL EQUITY | 1,453,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,894,947 |
| INCOME & EXPENSE | |
| Loan Income | 379,671 |
| Investment Income | 155,036 |
| Other Income | 8,159 |
| Total Employee Compensation & Benefits | 336,621 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 526,407 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 230,196 |
| Cost of Funds | 8,075 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -329,486 |
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