Dec, 31, 2023 — MARSHALL COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHALL, MI with 3 branch locations and about $311.75 million in total assets. Opened 73 years ago in 1951, MARSHALL COMMUNITY CREDIT UNION has about 15,324 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MARSHALL COMMUNITY CREDIT UNION |
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Address: (Main Office) | 839 W Green St MARSHALL, MI 49068 |
Phone: | (269) 781-9885 |
Fax: | (269) 781-8099 |
Website: | https://www.marshallcommunitycu.com |
Branches: | 3 branch locations |
Members: | 15,324 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62160 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $311,754,957 |
CEO/Manager: | Corrie Rozell |
Chairperson: | Mark Garavalia |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,879,120 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,872,778 |
Real Estate Loans | 170,445,980 |
Unsecured Loans | 17,056,503 |
Other Loans | 39,438,339 |
TOTAL LOANS | 227,374,762 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,480,587 |
Land And Building | 5,061,851 |
Other Fixed Assets | 435,191 |
NCUSIF Deposit | 2,644,473 |
All Other Assets | 0 |
TOTAL ASSETS | 311,754,957 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 58,053 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,017,575 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 59,234,020 |
Regular shares | 62,709,105 |
All Other Shares & Deposits | 138,868,308 |
TOTAL SHARES & DEPOSITS | 260,811,433 |
TOTAL LIABILITIES | 265,887,061 |
Regular Reserve | 0 |
Other Reserves | -4,614,848 |
Undivided Earnings | 50,482,744 |
TOTAL EQUITY | 45,867,896 |
TOTAL LIABILITIES, SHARES, & EQUITY | 311,754,957 |
INCOME & EXPENSE | |
Loan Income | 11,302,886 |
Investment Income | 2,219,908 |
Other Income | 1,628,660 |
Total Employee Compensation & Benefits | 4,943,568 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,939,328 |
Non-operating Income & (Expense) | -4,281 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 648,861 |
Cost of Funds | 2,673,478 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,518,670 |
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