Sep, 30, 2025 — H.P.C. CREDIT UNION is a federally insured state chartered credit union headquartered in ALPENA, MI with 3 branch locations and about $155.78 million in total assets. Opened 76 years ago in 1950, H.P.C. CREDIT UNION has about 7,554 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | H.P.C. CREDIT UNION |
|---|---|
| Address: (Main Office) | 1234 W CHISHOLM ST ALPENA, MI 49707 |
| Phone: | (989) 354-4698 |
| Fax: | (989) 356-6912 |
| Website: | https://www.hpccu.com |
| Branches: | 3 branch locations |
| Members: | 7,554 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62219 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $155,775,976 |
| CEO/Manager: | DENNIS J WERNER |
| Chairperson: | JON BENSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,164,070 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,007,917 |
| Unsecured Loans | 3,120,203 |
| Other Loans | 38,900,812 |
| TOTAL LOANS | 94,080,740 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -488,672 |
| Land And Building | 2,455,714 |
| Other Fixed Assets | 197,378 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,238,862 |
| All Other Assets | 0 |
| TOTAL ASSETS | 155,775,976 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 99,017 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 465,849 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,137,257 |
| Regular shares | 54,827,997 |
| All Other Shares & Deposits | 58,852,584 |
| TOTAL SHARES & DEPOSITS | 132,817,838 |
| TOTAL LIABILITIES | 133,382,704 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 22,393,272 |
| TOTAL EQUITY | 22,393,272 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 155,775,976 |
| INCOME & EXPENSE | |
| Loan Income | 3,766,287 |
| Investment Income | 1,366,988 |
| Other Income | 108,300 |
| Total Employee Compensation & Benefits | 1,924,477 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,712,128 |
| Non-operating Income & (Expense) | 1,507 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,947 |
| Cost of Funds | 964,807 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 835,208 |
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