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National Credit Union Service Organization

UNITY CREDIT UNION

Mar, 31, 2022 — 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 68 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
Address:
(Main Office)
7240 E 12 MILE RD
WARREN, MI 48092
Phone:(586) 573-4110
Fax:(586) 573-2593
Website:http://www.unitycu.com
Branches:2 branch locations
Members:3,444
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62362
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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