Sep, 30, 2025 — WESTACRES CREDIT UNION is a federally insured state chartered credit union headquartered in WEST BLOOMFIELD, MI with 1 branch location and about $7.05 million in total assets. Opened 90 years ago in 1936, WESTACRES CREDIT UNION has about 587 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTACRES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3700 WESTACRES DR WEST BLOOMFIELD, MI 48324-2576 |
| Phone: | (248) 363-4376 |
| Fax: | (248) 363-2988 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 587 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62316 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Aug 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,054,103 |
| CEO/Manager: | Heather Milz |
| Chairperson: | MARKELL SEITZMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 813,264 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 308,120 |
| Unsecured Loans | 11,087 |
| Other Loans | 1,057,869 |
| TOTAL LOANS | 1,377,077 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,000 |
| Land And Building | 35,609 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 59,365 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,054,103 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 66,298 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,088 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,968,103 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,968,103 |
| TOTAL LIABILITIES | 6,069,489 |
| Regular Reserve | 0 |
| Other Reserves | 426,114 |
| Undivided Earnings | 558,500 |
| TOTAL EQUITY | 984,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,054,103 |
| INCOME & EXPENSE | |
| Loan Income | 37,518 |
| Investment Income | 149,406 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 31,956 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 36,895 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 66,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 51,865 |
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