Dec, 31, 2023 — CONSUMERS CREDIT UNION is a federally insured state chartered credit union headquartered in KALAMAZOO, MI with 29 branch locations and about $2.21 billion in total assets. Opened 60 years ago in 1964, CONSUMERS CREDIT UNION has about 134,825 members and employs 417 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: | 29 branch locations |
| Members: | 134,825 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,206,395,595 |
| CEO/Manager: | Scott Sylvester |
| Chairperson: | Kim Shook |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 81,152,595 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,061,906,310 |
| Unsecured Loans | 50,633,728 |
| Other Loans | 839,406,463 |
| TOTAL LOANS | 1,951,946,502 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,741,122 |
| Land And Building | 94,252,984 |
| Other Fixed Assets | 9,005,195 |
| NCUSIF Deposit | 14,419,015 |
| All Other Assets | 1,010,478 |
| TOTAL ASSETS | 2,206,395,595 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,501,155 |
| Notes & Interest Payable | 210,000,000 |
| Accounts Payable & Other Liabilities | 18,018,758 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 432,875,221 |
| Regular shares | 268,349,349 |
| All Other Shares & Deposits | 1,073,098,769 |
| TOTAL SHARES & DEPOSITS | 1,774,323,339 |
| TOTAL LIABILITIES | 2,003,843,252 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 202,552,343 |
| TOTAL EQUITY | 202,552,343 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,206,395,595 |
| INCOME & EXPENSE | |
| Loan Income | 92,674,233 |
| Investment Income | 2,469,913 |
| Other Income | 19,731,612 |
| Total Employee Compensation & Benefits | 38,310,352 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,988,681 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,473,217 |
| Cost of Funds | 36,080,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,133,408 |
| ↑ Back to Top | |