Sep, 30, 2025 — AMERICAN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, MI with 18 branch locations and about $649.69 million in total assets. Opened 46 years ago in 1980, AMERICAN 1 CREDIT UNION has about 67,235 members and employs 290 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN 1 CREDIT UNION |
|---|---|
| Address: (Main Office) | 718 E Michigan Ave JACKSON, MI 49201 |
| Phone: | (517) 787-6510 |
| Fax: | |
| Website: | https://www.american1cu.org |
| Branches: | 18 branch locations |
| Members: | 67,235 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65595 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $649,692,585 |
| CEO/Manager: | Martha Fuerstenau |
| Chairperson: | Philip Hoffman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 134,568,401 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,305,404 |
| Unsecured Loans | 132,121,109 |
| Other Loans | 326,357,310 |
| TOTAL LOANS | 474,783,823 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,049,283 |
| Land And Building | 24,049,426 |
| Other Fixed Assets | 2,876,950 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,112,628 |
| All Other Assets | 242,150 |
| TOTAL ASSETS | 649,692,585 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 434,929 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,810,175 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 107,161,728 |
| Regular shares | 188,278,551 |
| All Other Shares & Deposits | 240,092,314 |
| TOTAL SHARES & DEPOSITS | 535,532,593 |
| TOTAL LIABILITIES | 550,777,697 |
| Regular Reserve | 0 |
| Other Reserves | 7,110,591 |
| Undivided Earnings | 91,804,297 |
| TOTAL EQUITY | 98,914,888 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 649,692,585 |
| INCOME & EXPENSE | |
| Loan Income | 29,463,519 |
| Investment Income | 4,562,057 |
| Other Income | 4,722,047 |
| Total Employee Compensation & Benefits | 18,071,054 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,860,853 |
| Non-operating Income & (Expense) | 28,609 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,371,392 |
| Cost of Funds | 7,243,606 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,285,068 |
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