Jun, 30, 2024 — T&I CREDIT UNION is a federally insured state chartered credit union headquartered in CLAWSON, MI with 2 branch locations and about $94.83 million in total assets. Opened 69 years ago in 1955, T&I CREDIT UNION has about 4,018 members and employs 16 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: | 2 branch locations |
| Members: | 4,018 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $94,832,996 |
| CEO/Manager: | Kathleen L Karner |
| Chairperson: | Steven Gottlieb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,867,307 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,674,378 |
| Unsecured Loans | 2,414,082 |
| Other Loans | 8,914,535 |
| TOTAL LOANS | 51,002,995 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,569 |
| Land And Building | 658,420 |
| Other Fixed Assets | 52,394 |
| NCUSIF Deposit | 765,745 |
| All Other Assets | 0 |
| TOTAL ASSETS | 94,832,996 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,001 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 159,458 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,890,581 |
| Regular shares | 45,390,803 |
| All Other Shares & Deposits | 21,236,886 |
| TOTAL SHARES & DEPOSITS | 78,518,270 |
| TOTAL LIABILITIES | 78,681,729 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 16,151,267 |
| TOTAL EQUITY | 16,151,267 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,832,996 |
| INCOME & EXPENSE | |
| Loan Income | 1,377,193 |
| Investment Income | 363,522 |
| Other Income | 349,355 |
| Total Employee Compensation & Benefits | 871,504 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 753,032 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,082 |
| Cost of Funds | 120,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 342,405 |
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