Sep, 30, 2025 — ALPENA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ALPENA, MI with 1 branch location and about $34.44 million in total assets. Opened 56 years ago in 1970, ALPENA COMMUNITY CREDIT UNION has about 2,260 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALPENA COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 710 W Miller St ALPENA, MI 49707-1875 |
| Phone: | (989) 356-4561 |
| Fax: | (989) 356-1493 |
| Website: | https://www.alpenacreditunion.com |
| Branches: | 1 branch locations |
| Members: | 2,260 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62264 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $34,438,028 |
| CEO/Manager: | Andrew Augustyn |
| Chairperson: | Ryan Suszek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,621,280 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,144,430 |
| Unsecured Loans | 593,778 |
| Other Loans | 6,781,676 |
| TOTAL LOANS | 15,519,884 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,815 |
| Land And Building | 169,797 |
| Other Fixed Assets | 108,447 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 276,379 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,438,028 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 486,310 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,090,453 |
| Regular shares | 17,488,734 |
| All Other Shares & Deposits | 5,797,547 |
| TOTAL SHARES & DEPOSITS | 29,376,734 |
| TOTAL LIABILITIES | 29,863,046 |
| Regular Reserve | 0 |
| Other Reserves | -89,654 |
| Undivided Earnings | 4,664,636 |
| TOTAL EQUITY | 4,574,982 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,438,028 |
| INCOME & EXPENSE | |
| Loan Income | 592,776 |
| Investment Income | 386,954 |
| Other Income | 36,289 |
| Total Employee Compensation & Benefits | 398,118 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 409,687 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,652 |
| Cost of Funds | 82,794 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 473,957 |
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