UNITY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.unitycu.com for more information.
Dec, 31, 2023 — UNITY CREDIT UNION is a federally insured state chartered credit union headquartered in WARREN, MI with 2 branch locations and about $59.14 million in total assets. Opened 70 years ago in 1954, UNITY CREDIT UNION has about 3,444 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITY CREDIT UNION |
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Address: (Main Office) | 7240 E 12 MILE RD WARREN, MI 48092 |
Phone: | (586) 573-4110 |
Fax: | (586) 573-2593 |
Website: | https://www.unitycu.com |
Branches: | 2 branch locations |
Members: | 3,444 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62362 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,137,688 |
CEO/Manager: | Dennis Moriarity |
Chairperson: | Steve Redmond |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,002,706 |
TOTAL INVESTMENTS | 41,779,600 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,867,231 |
Unsecured Loans | 1,703,470 |
Other Loans | 5,832,319 |
TOTAL LOANS | 9,562,926 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,057 |
Land And Building | 204,190 |
Other Fixed Assets | 77,714 |
NCUSIF Deposit | 445,030 |
All Other Assets | 149,579 |
TOTAL ASSETS | 59,137,688 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 576 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 195,471 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,473,697 |
Regular shares | 27,570,648 |
All Other Shares & Deposits | 15,229,309 |
TOTAL SHARES & DEPOSITS | 50,273,654 |
TOTAL LIABILITIES | 50,469,701 |
Regular Reserve | 1,646,566 |
Other Reserves | -69,008 |
Undivided Earnings | 7,090,429 |
TOTAL EQUITY | 8,667,987 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,137,688 |
INCOME & EXPENSE | |
Loan Income | 267,363 |
Investment Income | 212,149 |
Other Income | 30,437 |
Total Employee Compensation & Benefits | 264,526 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 224,797 |
Non-operating Income & (Expense) | 16,024 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,102 |
Cost of Funds | 10,918 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 36,689 |
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