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National Credit Union Service Organization

ELECTRICAL WORKERS LOCAL 58 CREDIT UNION

Mar, 31, 2022 — ELECTRICAL WORKERS LOCAL 58 CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 1 branch location and about $20.31 million in total assets. Opened 67 years ago in 1955, ELECTRICAL WORKERS LOCAL 58 CREDIT UNION has about 2,311 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:http://ewcu.net
Branches:1 branch locations
Members:2,311
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$20,305,729
CEO/Manager:jeanne m nye
Chairperson:michael conflitti

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 774,191
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 503,381
 Other Loans 4,569,755
 TOTAL LOANS 5,073,136
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,115
 Land And Building 18,017
 Other Fixed Assets 35,375
 NCUSIF Deposit 159,133
 All Other Assets 0
  TOTAL ASSETS 20,305,729
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,276
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,070,494
 Regular shares 15,274,678
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 18,345,172
  TOTAL LIABILITIES 18,363,448
 Regular Reserve 0
 Other Reserves 257,346
 Undivided Earnings 1,684,935
  TOTAL EQUITY 1,942,281
  TOTAL LIABILITIES, SHARES, & EQUITY 20,305,729
INCOME & EXPENSE  
 Loan Income 57,655
 Investment Income 39,175
 Other Income 9,735
 Total Employee Compensation & Benefits 47,625
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,330
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,098
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,297
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