Sep, 30, 2025 — AAC CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND RAPIDS, MI with 8 branch locations and about $204.61 million in total assets. Opened 89 years ago in 1937, AAC CREDIT UNION has about 15,002 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AAC CREDIT UNION |
|---|---|
| Address: (Main Office) | 177 Wilson Ave NW GRAND RAPIDS, MI 49534 |
| Phone: | (616) 288-0288 |
| Fax: | (616) 735-4919 |
| Website: | https://www.goaac.com |
| Branches: | 8 branch locations |
| Members: | 15,002 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62217 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $204,608,001 |
| CEO/Manager: | Timothy R Kamphuis |
| Chairperson: | Thane Barden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,761,317 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,589,575 |
| Unsecured Loans | 8,087,188 |
| Other Loans | 38,652,672 |
| TOTAL LOANS | 122,329,435 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -718,968 |
| Land And Building | 3,947,341 |
| Other Fixed Assets | 322,158 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,452,091 |
| All Other Assets | 143,245 |
| TOTAL ASSETS | 204,608,001 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 435,807 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,467,001 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,702,655 |
| Regular shares | 44,284,845 |
| All Other Shares & Deposits | 89,603,301 |
| TOTAL SHARES & DEPOSITS | 153,590,801 |
| TOTAL LIABILITIES | 155,493,609 |
| Regular Reserve | 0 |
| Other Reserves | 1,297,433 |
| Undivided Earnings | 47,816,959 |
| TOTAL EQUITY | 49,114,392 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 204,608,001 |
| INCOME & EXPENSE | |
| Loan Income | 5,578,670 |
| Investment Income | 2,202,038 |
| Other Income | 1,108,980 |
| Total Employee Compensation & Benefits | 2,612,305 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,377,270 |
| Non-operating Income & (Expense) | 1,312 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,387 |
| Cost of Funds | 2,334,239 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,446,369 |
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