Sep, 30, 2025 — OUR CREDIT UNION is a federally insured state chartered credit union headquartered in ROYAL OAK, MI with 5 branch locations and about $353.68 million in total assets. Opened 67 years ago in 1959, OUR CREDIT UNION has about 23,668 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OUR CREDIT UNION |
|---|---|
| Address: (Main Office) | 3070 Normandy Rd ROYAL OAK, MI 48073 |
| Phone: | (248) 549-3838 |
| Fax: | (248) 549-0203 |
| Website: | https://www.ourcuonline.org |
| Branches: | 5 branch locations |
| Members: | 23,668 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62028 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $353,683,612 |
| CEO/Manager: | Darren Cameron |
| Chairperson: | Joe Kripili |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 44,466,784 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 98,350,983 |
| Unsecured Loans | 18,634,364 |
| Other Loans | 104,658,264 |
| TOTAL LOANS | 221,643,611 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,243,074 |
| Land And Building | 5,053,775 |
| Other Fixed Assets | 999,134 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,288,627 |
| All Other Assets | 70,472 |
| TOTAL ASSETS | 353,683,612 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,042,727 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 73,824,281 |
| Regular shares | 154,509,444 |
| All Other Shares & Deposits | 101,217,973 |
| TOTAL SHARES & DEPOSITS | 329,551,698 |
| TOTAL LIABILITIES | 330,594,425 |
| Regular Reserve | 0 |
| Other Reserves | -9,255,466 |
| Undivided Earnings | 32,344,653 |
| TOTAL EQUITY | 23,089,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 353,683,612 |
| INCOME & EXPENSE | |
| Loan Income | 9,054,150 |
| Investment Income | 2,999,797 |
| Other Income | 1,702,033 |
| Total Employee Compensation & Benefits | 5,136,320 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,978,012 |
| Non-operating Income & (Expense) | -84 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,115,574 |
| Cost of Funds | 2,167,084 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,799,904 |
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