Sep, 30, 2025 — FARM BUREAU FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 1 branch location and about $25.29 million in total assets. Opened 92 years ago in 1934, FARM BUREAU FAMILY CREDIT UNION has about 2,283 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: | FARM BUREAU FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 7373 W Saginaw Hwy LANSING, MI 48917-1124 |
| Phone: | (517) 679-5274 |
| Fax: | |
| Website: | https://www.farmbureaufamilycu.org |
| Branches: | 1 branch locations |
| Members: | 2,283 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62330 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,294,138 |
| CEO/Manager: | Brandon L Bussa |
| Chairperson: | Nicholas D Holmberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,816,804 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 102,760 |
| Unsecured Loans | 2,479,073 |
| Other Loans | 12,363,807 |
| TOTAL LOANS | 14,945,640 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,394 |
| Land And Building | 0 |
| Other Fixed Assets | 4,862 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 206,424 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,294,138 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -99,610 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,110,998 |
| Regular shares | 5,107,631 |
| All Other Shares & Deposits | 13,149,215 |
| TOTAL SHARES & DEPOSITS | 22,367,844 |
| TOTAL LIABILITIES | 22,268,234 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,025,904 |
| TOTAL EQUITY | 3,025,904 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,294,138 |
| INCOME & EXPENSE | |
| Loan Income | 834,980 |
| Investment Income | 232,966 |
| Other Income | 70,773 |
| Total Employee Compensation & Benefits | 366,175 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 345,150 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 153,875 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 312,372 |
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