Sep, 30, 2025 — WEST MICHIGAN CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND RAPIDS, MI with 13 branch locations and about $437.44 million in total assets. Opened 70 years ago in 1956, WEST MICHIGAN CREDIT UNION has about 30,411 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEST MICHIGAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1720 Michigan St NE GRAND RAPIDS, MI 49503 |
| Phone: | (616) 451-4567 |
| Fax: | (616) 635-2318 |
| Website: | https://www.westmichigancu.com |
| Branches: | 13 branch locations |
| Members: | 30,411 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62347 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $437,444,529 |
| CEO/Manager: | Joseph J Heintskill |
| Chairperson: | Brent Nevins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,968,338 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 119,063,257 |
| Unsecured Loans | 20,874,744 |
| Other Loans | 78,676,641 |
| TOTAL LOANS | 218,748,953 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,160,051 |
| Land And Building | 7,352,941 |
| Other Fixed Assets | 3,549,661 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,617,810 |
| All Other Assets | 546,042 |
| TOTAL ASSETS | 437,444,529 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44,638 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,649,658 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,995,035 |
| Regular shares | 137,718,075 |
| All Other Shares & Deposits | 153,633,129 |
| TOTAL SHARES & DEPOSITS | 357,346,238 |
| TOTAL LIABILITIES | 361,040,534 |
| Regular Reserve | 0 |
| Other Reserves | 28,115,869 |
| Undivided Earnings | 48,288,126 |
| TOTAL EQUITY | 76,403,995 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 437,444,529 |
| INCOME & EXPENSE | |
| Loan Income | 9,010,284 |
| Investment Income | 5,381,728 |
| Other Income | 1,694,111 |
| Total Employee Compensation & Benefits | 6,095,454 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,577,013 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 698,298 |
| Cost of Funds | 1,396,561 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,579,115 |
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