Sep, 30, 2025 — CONSUMERS CREDIT UNION is a federally insured state chartered credit union headquartered in KALAMAZOO, MI with 32 branch locations and about $2.58 billion in total assets. Opened 62 years ago in 1964, CONSUMERS CREDIT UNION has about 151,033 members and employs 474 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONSUMERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 7200 Elm Valley Dr KALAMAZOO, MI 49009 |
| Phone: | (269) 345-7804 |
| Fax: | |
| Website: | https://www.consumerscu.org |
| Branches: | 32 branch locations |
| Members: | 151,033 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62172 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,583,116,913 |
| CEO/Manager: | Scott Sylvester |
| Chairperson: | Nick Zafer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,147,271 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,279,632,349 |
| Unsecured Loans | 54,594,856 |
| Other Loans | 968,039,969 |
| TOTAL LOANS | 2,302,267,173 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,392,965 |
| Land And Building | 116,169,673 |
| Other Fixed Assets | 8,584,759 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 16,204,676 |
| All Other Assets | 1,844,738 |
| TOTAL ASSETS | 2,583,116,913 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,652,401 |
| Notes & Interest Payable | 218,000,000 |
| Accounts Payable & Other Liabilities | 21,786,422 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 460,907,963 |
| Regular shares | 272,744,730 |
| All Other Shares & Deposits | 1,362,333,600 |
| TOTAL SHARES & DEPOSITS | 2,095,986,293 |
| TOTAL LIABILITIES | 2,337,425,116 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 245,691,797 |
| TOTAL EQUITY | 245,691,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,583,116,913 |
| INCOME & EXPENSE | |
| Loan Income | 98,263,206 |
| Investment Income | 2,909,658 |
| Other Income | 16,507,029 |
| Total Employee Compensation & Benefits | 35,981,912 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 30,879,892 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000,000 |
| Cost of Funds | 42,368,754 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,260,829 |
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