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 |
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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 |
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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 |
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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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