Dec, 31, 2023 — T&I CREDIT UNION is a federally insured state chartered credit union headquartered in CLAWSON, MI with 1 branch location and about $87.37 million in total assets. Opened 69 years ago in 1955, T&I CREDIT UNION has about 4,009 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | T&I CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 N Main St CLAWSON, MI 48017 |
| Phone: | (248) 588-6688 |
| Fax: | (248) 588-6437 |
| Website: | https://www.ticreditunion.org |
| Branches: | 1 branch locations |
| Members: | 4,009 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61879 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $87,372,962 |
| CEO/Manager: | Kathleen L Karner |
| Chairperson: | Steven Gottlieb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,068,819 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,391,941 |
| Unsecured Loans | 2,779,899 |
| Other Loans | 12,229,096 |
| TOTAL LOANS | 55,400,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,355 |
| Land And Building | 607,743 |
| Other Fixed Assets | 81,073 |
| NCUSIF Deposit | 710,036 |
| All Other Assets | 0 |
| TOTAL ASSETS | 87,372,962 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 131,168 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 152,016 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,892,701 |
| Regular shares | 37,982,376 |
| All Other Shares & Deposits | 21,025,405 |
| TOTAL SHARES & DEPOSITS | 70,900,482 |
| TOTAL LIABILITIES | 71,183,666 |
| Regular Reserve | 0 |
| Other Reserves | 82,286 |
| Undivided Earnings | 16,107,010 |
| TOTAL EQUITY | 16,189,296 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,372,962 |
| INCOME & EXPENSE | |
| Loan Income | 2,205,302 |
| Investment Income | 513,370 |
| Other Income | 257,082 |
| Total Employee Compensation & Benefits | 1,170,684 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,168,000 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 175,929 |
| Cost of Funds | 417,783 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 49,278 |
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» See also Statement of Financial Condition