Sep, 30, 2025 — NORTH CENTRAL AREA CREDIT UNION is a federally insured state chartered credit union headquartered in HOUGHTON LAKE, MI with 7 branch locations and about $256.32 million in total assets. Opened 70 years ago in 1956, NORTH CENTRAL AREA CREDIT UNION has about 19,635 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH CENTRAL AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2665 Reserve Rd HOUGHTON LAKE, MI 48629 |
| Phone: | (989) 910-5135 |
| Fax: | (989) 919-5128 |
| Website: | https://www.ncacu.org |
| Branches: | 7 branch locations |
| Members: | 19,635 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61953 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $256,324,552 |
| CEO/Manager: | Mark Richter |
| Chairperson: | Stephen Witt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,416,780 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 103,517 |
| Real Estate Loans | 56,798,277 |
| Unsecured Loans | 10,849,795 |
| Other Loans | 116,159,384 |
| TOTAL LOANS | 183,844,691 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,568,684 |
| Land And Building | 4,203,484 |
| Other Fixed Assets | 3,992,094 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,216,036 |
| All Other Assets | 0 |
| TOTAL ASSETS | 256,324,552 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 186,388 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,300,935 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,310,327 |
| Regular shares | 78,795,545 |
| All Other Shares & Deposits | 106,601,652 |
| TOTAL SHARES & DEPOSITS | 228,707,524 |
| TOTAL LIABILITIES | 231,194,847 |
| Regular Reserve | 0 |
| Other Reserves | 5,288,266 |
| Undivided Earnings | 19,841,439 |
| TOTAL EQUITY | 25,129,705 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 256,324,552 |
| INCOME & EXPENSE | |
| Loan Income | 9,412,161 |
| Investment Income | 1,480,980 |
| Other Income | 1,733,675 |
| Total Employee Compensation & Benefits | 4,637,624 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,449,862 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 897,756 |
| Cost of Funds | 2,588,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,558,855 |
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