Sep, 30, 2025 — MICHIGAN ONE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in IONIA, MI with 5 branch locations and about $226.65 million in total assets. Opened 72 years ago in 1954, MICHIGAN ONE COMMUNITY CREDIT UNION has about 18,697 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MICHIGAN ONE COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 510 S Dexter St IONIA, MI 48846 |
| Phone: | (616) 527-3900 |
| Fax: | (616) 527-4211 |
| Website: | https://www.m1ccu.org |
| Branches: | 5 branch locations |
| Members: | 18,697 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62169 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $226,651,011 |
| CEO/Manager: | Hailie Patterson |
| Chairperson: | Mallory Bowerman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,460,080 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 87,879,050 |
| Unsecured Loans | 4,559,351 |
| Other Loans | 81,157,689 |
| TOTAL LOANS | 173,596,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -455,281 |
| Land And Building | 4,042,391 |
| Other Fixed Assets | 606,732 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,872,828 |
| All Other Assets | 284,062 |
| TOTAL ASSETS | 226,651,011 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,081,725 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,328,118 |
| Regular shares | 57,876,705 |
| All Other Shares & Deposits | 105,283,008 |
| TOTAL SHARES & DEPOSITS | 199,487,831 |
| TOTAL LIABILITIES | 203,569,556 |
| Regular Reserve | 0 |
| Other Reserves | 403,461 |
| Undivided Earnings | 22,677,994 |
| TOTAL EQUITY | 23,081,455 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 226,651,011 |
| INCOME & EXPENSE | |
| Loan Income | 6,855,309 |
| Investment Income | 1,157,692 |
| Other Income | 1,406,613 |
| Total Employee Compensation & Benefits | 3,142,861 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,085,816 |
| Non-operating Income & (Expense) | 12,701 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 320,760 |
| Cost of Funds | 2,791,181 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,543,100 |
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