Sep, 30, 2025 — THORNAPPLE CREDIT UNION is a federally insured state chartered credit union headquartered in HASTINGS, MI with 3 branch locations and about $72.99 million in total assets. Opened 62 years ago in 1964, THORNAPPLE CREDIT UNION has about 8,345 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THORNAPPLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 E Woodlawn Ave HASTINGS, MI 49058 |
| Phone: | (269) 948-8369 |
| Fax: | (269) 948-9431 |
| Website: | https://www.thornapplecu.com |
| Branches: | 3 branch locations |
| Members: | 8,345 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62196 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $72,989,138 |
| CEO/Manager: | Amy L Byers |
| Chairperson: | Thomas C Neil |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,617,921 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,342,151 |
| Unsecured Loans | 5,203,030 |
| Other Loans | 32,615,909 |
| TOTAL LOANS | 59,161,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -360,552 |
| Land And Building | 1,611,680 |
| Other Fixed Assets | 552,101 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 626,690 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,989,138 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,840 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,033,569 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,583,587 |
| Regular shares | 26,351,324 |
| All Other Shares & Deposits | 24,941,005 |
| TOTAL SHARES & DEPOSITS | 64,875,916 |
| TOTAL LIABILITIES | 65,927,325 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,061,813 |
| TOTAL EQUITY | 7,061,813 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,989,138 |
| INCOME & EXPENSE | |
| Loan Income | 3,009,788 |
| Investment Income | 233,199 |
| Other Income | 806,571 |
| Total Employee Compensation & Benefits | 1,635,197 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,717,415 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,924 |
| Cost of Funds | 524,565 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 697,332 |
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