Sep, 30, 2025 — UNITED CHURCHES CREDIT UNION is a federally insured state chartered credit union headquartered in TAYLOR, MI with 1 branch location and about $21.36 million in total assets. Opened 69 years ago in 1957, UNITED CHURCHES CREDIT UNION has about 1,174 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED CHURCHES CREDIT UNION |
|---|---|
| Address: (Main Office) | 20252 Ecorse Rd TAYLOR, MI 48180 |
| Phone: | (313) 382-1340 |
| Fax: | (313) 382-0823 |
| Website: | https://www.unitedchurchescu.org |
| Branches: | 1 branch locations |
| Members: | 1,174 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62144 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,360,951 |
| CEO/Manager: | Nicholas W Alexander |
| Chairperson: | Alan Srodawa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,245,016 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,779,128 |
| Unsecured Loans | 586,115 |
| Other Loans | 1,916,041 |
| TOTAL LOANS | 5,281,284 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,546 |
| Land And Building | 0 |
| Other Fixed Assets | 45,711 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 186,023 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,360,951 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,343 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,784 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,783,206 |
| Regular shares | 11,609,806 |
| All Other Shares & Deposits | 3,699,696 |
| TOTAL SHARES & DEPOSITS | 19,092,708 |
| TOTAL LIABILITIES | 19,170,835 |
| Regular Reserve | 0 |
| Other Reserves | 796,161 |
| Undivided Earnings | 1,393,955 |
| TOTAL EQUITY | 2,190,116 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,360,951 |
| INCOME & EXPENSE | |
| Loan Income | 229,441 |
| Investment Income | 479,092 |
| Other Income | 89,057 |
| Total Employee Compensation & Benefits | 188,972 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 382,890 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,060 |
| Cost of Funds | 55,368 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 153,218 |
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