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OUR CREDIT UNION

Mar, 31, 2022 — OUR CREDIT UNION is a federally insured state chartered credit union headquartered in ROYAL OAK, MI with 5 branch locations and about $383.99 million in total assets. Opened 63 years ago in 1959, OUR CREDIT UNION has about 22,964 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272484373
Name:OUR CREDIT UNION
Address:
(Main Office)
3070 Normandy Rd
ROYAL OAK, MI 48073
Phone:(248) 549-3838
Fax:(248) 549-0203
Website:http://www.ourcuonline.org
Branches:5 branch locations
Members:22,964
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$383,992,601
CEO/Manager:Tina Dix
Chairperson:Brian Cook

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,256,981
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 100,463,772
 Unsecured Loans 33,967,880
 Other Loans 105,549,120
 TOTAL LOANS 239,980,772
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,950,219
 Land And Building 5,658,264
 Other Fixed Assets 927,110
 NCUSIF Deposit 3,216,250
 All Other Assets 0
  TOTAL ASSETS 383,992,601
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,969,647
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 79,426,063
 Regular shares 182,647,063
 All Other Shares & Deposits 95,743,654
  TOTAL SHARES & DEPOSITS 357,816,780
  TOTAL LIABILITIES 359,786,427
 Regular Reserve 0
 Other Reserves -5,030,580
 Undivided Earnings 29,236,754
  TOTAL EQUITY 24,206,174
  TOTAL LIABILITIES, SHARES, & EQUITY 383,992,601
INCOME & EXPENSE  
 Loan Income 2,467,179
 Investment Income 424,655
 Other Income 492,693
 Total Employee Compensation & Benefits 1,418,467
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,757,526
 Non-operating Income & (Expense) -16
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 219,047
 Cost of Funds 201,833
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 267,610
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