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I.M. DETROIT DISTRICT CREDIT UNION

Mar, 31, 2022 — I.M. DETROIT DISTRICT CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 2 branch locations and about $1.89 million in total assets. Opened 65 years ago in 1957, I.M. DETROIT DISTRICT CREDIT UNION has about 25 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:I.M. DETROIT DISTRICT CREDIT UNION
Address:
(Main Office)
2101 Gratiot Ave
DETROIT, MI 48207-2709
Phone:(313) 259-5817
Fax:(313) 259-7077
Website:n/a
Branches:2 branch locations
Members:25
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62167
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:May 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,893,202
CEO/Manager:Kenneth Hollowell
Chairperson:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 855,820
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 1,838
 TOTAL LOANS 1,838
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 4,288
 All Other Assets 0
  TOTAL ASSETS 1,893,202
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,827
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,557,412
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,557,412
  TOTAL LIABILITIES 1,562,239
 Regular Reserve 0
 Other Reserves 21,543
 Undivided Earnings 309,420
  TOTAL EQUITY 330,963
  TOTAL LIABILITIES, SHARES, & EQUITY 1,893,202
INCOME & EXPENSE  
 Loan Income 59
 Investment Income 6,339
 Other Income 6,398
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,379
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -25
 Cost of Funds 623
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,845
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