Dec, 31, 2023 — CASE CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 5 branch locations and about $393.70 million in total assets. Opened 88 years ago in 1936, CASE CREDIT UNION has about 35,350 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CASE CREDIT UNION |
|---|---|
| Address: (Main Office) | 4316 S Pennsylvania Ave LANSING, MI 48910 |
| Phone: | (517) 393-7710 |
| Fax: | (517) 367-1070 |
| Website: | https://www.casecu.org |
| Branches: | 5 branch locations |
| Members: | 35,350 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61908 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $393,700,201 |
| CEO/Manager: | Jeffrey S Benson |
| Chairperson: | William Brewer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,804,187 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,057,564 |
| Unsecured Loans | 24,778,968 |
| Other Loans | 136,713,462 |
| TOTAL LOANS | 302,676,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,465,890 |
| Land And Building | 8,514,689 |
| Other Fixed Assets | 1,777,615 |
| NCUSIF Deposit | 3,269,395 |
| All Other Assets | 69,000 |
| TOTAL ASSETS | 393,700,201 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 307,529 |
| Notes & Interest Payable | 28,000,000 |
| Accounts Payable & Other Liabilities | 7,505,876 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,004,867 |
| Regular shares | 101,265,707 |
| All Other Shares & Deposits | 158,456,976 |
| TOTAL SHARES & DEPOSITS | 325,727,550 |
| TOTAL LIABILITIES | 361,648,499 |
| Regular Reserve | 0 |
| Other Reserves | -5,649,635 |
| Undivided Earnings | 37,701,337 |
| TOTAL EQUITY | 32,051,702 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 393,700,201 |
| INCOME & EXPENSE | |
| Loan Income | 17,121,344 |
| Investment Income | 1,559,472 |
| Other Income | 5,124,622 |
| Total Employee Compensation & Benefits | 7,446,680 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,508,079 |
| Non-operating Income & (Expense) | -144,285 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,415,000 |
| Cost of Funds | 4,578,585 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 802,847 |
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