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ALPENA COMMUNITY CREDIT UNION

Dec, 31, 2023 — ALPENA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ALPENA, MI with 1 branch location and about $31.62 million in total assets. Opened 54 years ago in 1970, ALPENA COMMUNITY CREDIT UNION has about 2,330 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272476420
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:2,330
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$31,619,318
CEO/Manager:Ann D Boyk
Chairperson:Ryan Suszek

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 862,582
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,086,315
 Unsecured Loans 927,472
 Other Loans 5,753,088
 TOTAL LOANS 13,766,875
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,585
 Land And Building 169,116
 Other Fixed Assets 50,668
 NCUSIF Deposit 281,882
 All Other Assets 0
  TOTAL ASSETS 31,619,318
LIABILITIES & CAPITAL:  
 Dividends Payable 1
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,332,763
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,448,791
 Regular shares 16,613,321
 All Other Shares & Deposits 4,905,358
  TOTAL SHARES & DEPOSITS 27,967,470
  TOTAL LIABILITIES 29,300,234
 Regular Reserve 0
 Other Reserves -713,893
 Undivided Earnings 3,032,977
  TOTAL EQUITY 2,319,084
  TOTAL LIABILITIES, SHARES, & EQUITY 31,619,318
INCOME & EXPENSE  
 Loan Income 548,793
 Investment Income 360,028
 Other Income 115,970
 Total Employee Compensation & Benefits 451,601
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 506,200
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,205
 Cost of Funds 64,700
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 282,862
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