Sep, 30, 2025 — ELECTRICAL WORKERS LOCAL 58 CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 1 branch location and about $21.26 million in total assets. Opened 71 years ago in 1955, ELECTRICAL WORKERS LOCAL 58 CREDIT UNION has about 1,912 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELECTRICAL WORKERS LOCAL 58 CREDIT UNION |
|---|---|
| Address: (Main Office) | 1366 porter ST DETROIT, MI 48226 |
| Phone: | (313) 963-6060 |
| Fax: | (313) 962-6973 |
| Website: | https://www.ewcu.net |
| Branches: | 1 branch locations |
| Members: | 1,912 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64267 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,255,038 |
| CEO/Manager: | JESSICA FOX |
| Chairperson: | MICHAEL COACH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 166,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 415,627 |
| Other Loans | 5,041,740 |
| TOTAL LOANS | 5,457,367 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,174 |
| Land And Building | 18,017 |
| Other Fixed Assets | 69,000 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 171,501 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,255,038 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 210,239 |
| Accounts Payable & Other Liabilities | 64,649 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,742,543 |
| Regular shares | 14,158,914 |
| All Other Shares & Deposits | 724,462 |
| TOTAL SHARES & DEPOSITS | 18,625,921 |
| TOTAL LIABILITIES | 18,900,809 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,354,229 |
| TOTAL EQUITY | 2,354,229 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,255,038 |
| INCOME & EXPENSE | |
| Loan Income | 252,037 |
| Investment Income | 425,111 |
| Other Income | 29,742 |
| Total Employee Compensation & Benefits | 182,741 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 356,275 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,231 |
| Cost of Funds | 38,062 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 136,581 |
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