Dec, 31, 2023 — TOTAL COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in TAYLOR, MI with 1 branch location and about $98.62 million in total assets. Opened 64 years ago in 1960, TOTAL COMMUNITY CREDIT UNION has about 6,895 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TOTAL COMMUNITY CREDIT UNION |
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Address: (Main Office) | 25155 Goddard Rd TAYLOR, MI 48180-3923 |
Phone: | (313) 291-3300 |
Fax: | (313) 291-6899 |
Website: | https://www.tccu.us |
Branches: | 1 branch locations |
Members: | 6,895 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62245 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $98,616,930 |
CEO/Manager: | Susette M Schirm |
Chairperson: | Robert Merriman |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,960,512 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,861,449 |
Unsecured Loans | 6,398,366 |
Other Loans | 28,451,280 |
TOTAL LOANS | 49,711,095 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -564,823 |
Land And Building | 2,234,466 |
Other Fixed Assets | 354,790 |
NCUSIF Deposit | 893,255 |
All Other Assets | 0 |
TOTAL ASSETS | 98,616,930 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 102,981 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,079,189 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,980,287 |
Regular shares | 60,552,789 |
All Other Shares & Deposits | 11,281,257 |
TOTAL SHARES & DEPOSITS | 87,814,333 |
TOTAL LIABILITIES | 88,996,503 |
Regular Reserve | 0 |
Other Reserves | -2,603,637 |
Undivided Earnings | 12,224,064 |
TOTAL EQUITY | 9,620,427 |
TOTAL LIABILITIES, SHARES, & EQUITY | 98,616,930 |
INCOME & EXPENSE | |
Loan Income | 2,999,207 |
Investment Income | 972,874 |
Other Income | 615,553 |
Total Employee Compensation & Benefits | 1,769,680 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,697,834 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 131,939 |
Cost of Funds | 155,662 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,782,568 |
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