Sep, 30, 2025 — ALPENA-ALCONA AREA CREDIT UNION is a federally insured state chartered credit union headquartered in ALPENA, MI with 13 branch locations and about $918.80 million in total assets. Opened 73 years ago in 1953, ALPENA-ALCONA AREA CREDIT UNION has about 48,818 members and employs 146 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALPENA-ALCONA AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1100 S Bagley St ALPENA, MI 49707-8104 |
| Phone: | (989) 356-3577 |
| Fax: | (989) 354-5551 |
| Website: | https://www.aaacu.com |
| Branches: | 13 branch locations |
| Members: | 48,818 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62035 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $918,804,314 |
| CEO/Manager: | Donald J Mills |
| Chairperson: | Charles Negro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 140,464,144 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 555,300 |
| Real Estate Loans | 230,611,448 |
| Unsecured Loans | 77,099,551 |
| Other Loans | 241,741,160 |
| TOTAL LOANS | 573,543,008 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,906,718 |
| Land And Building | 5,589,147 |
| Other Fixed Assets | 971,525 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,883,198 |
| All Other Assets | 175,101 |
| TOTAL ASSETS | 918,804,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,902,539 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,520,816 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 113,223,166 |
| Regular shares | 185,150,982 |
| All Other Shares & Deposits | 502,553,348 |
| TOTAL SHARES & DEPOSITS | 800,927,496 |
| TOTAL LIABILITIES | 809,350,851 |
| Regular Reserve | 0 |
| Other Reserves | 11,671,915 |
| Undivided Earnings | 97,781,548 |
| TOTAL EQUITY | 109,453,463 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 918,804,314 |
| INCOME & EXPENSE | |
| Loan Income | 24,554,623 |
| Investment Income | 10,097,189 |
| Other Income | 1,800,789 |
| Total Employee Compensation & Benefits | 8,483,299 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,927,045 |
| Non-operating Income & (Expense) | -275,817 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,521,337 |
| Cost of Funds | 11,724,270 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,796,170 |
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