BLOOM CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://bloomcu.org for more information.
Sep, 30, 2025 — BLOOM CREDIT UNION is a federally insured state chartered credit union headquartered in WYOMING, MI with 5 branch locations and about $193.10 million in total assets. Opened 75 years ago in 1951, BLOOM CREDIT UNION has about 13,321 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLOOM CREDIT UNION |
|---|---|
| Address: (Main Office) | 1414 BURTON SW WYOMING, MI 49509 |
| Phone: | (616) 452-2161 |
| Fax: | |
| Website: | https://bloomcu.org |
| Branches: | 5 branch locations |
| Members: | 13,321 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62243 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $193,095,145 |
| CEO/Manager: | Joe Heintskill |
| Chairperson: | Roxanne Speck |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,375,110 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 58,578,667 |
| Unsecured Loans | 10,901,745 |
| Other Loans | 48,172,543 |
| TOTAL LOANS | 117,808,214 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -502,528 |
| Land And Building | 4,110,757 |
| Other Fixed Assets | 394,144 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,463,305 |
| All Other Assets | 0 |
| TOTAL ASSETS | 193,095,145 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 221,881 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,840,997 |
| Regular shares | 104,537,201 |
| All Other Shares & Deposits | 38,261,895 |
| TOTAL SHARES & DEPOSITS | 179,640,093 |
| TOTAL LIABILITIES | 179,861,974 |
| Regular Reserve | 0 |
| Other Reserves | -3,385,064 |
| Undivided Earnings | 16,618,235 |
| TOTAL EQUITY | 13,233,171 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 193,095,145 |
| INCOME & EXPENSE | |
| Loan Income | 4,471,139 |
| Investment Income | 769,762 |
| Other Income | 1,870,673 |
| Total Employee Compensation & Benefits | 2,490,480 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,182,832 |
| Non-operating Income & (Expense) | -1,064 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 543,169 |
| Cost of Funds | 244,462 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 689,713 |
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