CALCITE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.calcitecu.com for more information.
Dec, 31, 2023 — CALCITE CREDIT UNION is a federally insured state chartered credit union headquartered in Rogers City, MI with 3 branch locations and about $127.35 million in total assets. Opened 63 years ago in 1961, CALCITE CREDIT UNION has about 9,483 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CALCITE CREDIT UNION |
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Address: (Main Office) | 478 N. Third St. Rogers City, MI 49779 |
Phone: | (989) 734-4130 |
Fax: | (989) 734-3422 |
Website: | https://www.calcitecu.com |
Branches: | 3 branch locations |
Members: | 9,483 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62333 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $127,349,489 |
CEO/Manager: | Barbara J Mills |
Chairperson: | Scott McLennan |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,972,567 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,594,214 |
Unsecured Loans | 9,662,804 |
Other Loans | 24,257,638 |
TOTAL LOANS | 54,514,656 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,346 |
Land And Building | 1,361,815 |
Other Fixed Assets | 128,010 |
NCUSIF Deposit | 1,054,088 |
All Other Assets | 0 |
TOTAL ASSETS | 127,349,489 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 51,825 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,631,783 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,520,543 |
Regular shares | 38,184,347 |
All Other Shares & Deposits | 54,607,850 |
TOTAL SHARES & DEPOSITS | 115,312,740 |
TOTAL LIABILITIES | 116,996,348 |
Regular Reserve | 0 |
Other Reserves | -2,998,298 |
Undivided Earnings | 13,351,439 |
TOTAL EQUITY | 10,353,141 |
TOTAL LIABILITIES, SHARES, & EQUITY | 127,349,489 |
INCOME & EXPENSE | |
Loan Income | 2,073,773 |
Investment Income | 618,442 |
Other Income | 271,645 |
Total Employee Compensation & Benefits | 1,109,238 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,355,808 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 101,455 |
Cost of Funds | 169,157 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 828,128 |
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