Sep, 30, 2025 — WALLED LAKE SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in WOLVERINE LAKE, MI with 1 branch location and about $134.72 million in total assets. Opened 76 years ago in 1950, WALLED LAKE SCHOOLS FEDERAL CREDIT UNION has about 5,063 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WALLED LAKE SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3095 S Commerce Rd WOLVERINE LAKE, MI 48390-1418 |
| Phone: | (248) 624-5222 |
| Fax: | (248) 624-0614 |
| Website: | https://www.wlsfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,063 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6613 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $134,721,981 |
| CEO/Manager: | Cara Richards |
| Chairperson: | Neal Howald |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,850,463 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,081,704 |
| Unsecured Loans | 8,060,649 |
| Other Loans | 11,506,686 |
| TOTAL LOANS | 31,649,039 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,869 |
| Land And Building | 1,144,724 |
| Other Fixed Assets | 963,903 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,115,644 |
| All Other Assets | 0 |
| TOTAL ASSETS | 134,721,981 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 578,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,685,320 |
| Regular shares | 73,875,846 |
| All Other Shares & Deposits | 18,452,382 |
| TOTAL SHARES & DEPOSITS | 116,013,549 |
| TOTAL LIABILITIES | 116,592,090 |
| Regular Reserve | 0 |
| Other Reserves | -585,292 |
| Undivided Earnings | 18,715,183 |
| TOTAL EQUITY | 18,129,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,721,981 |
| INCOME & EXPENSE | |
| Loan Income | 156,106 |
| Investment Income | 291,550 |
| Other Income | 8,586 |
| Total Employee Compensation & Benefits | 110,343 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 158,428 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,885 |
| Cost of Funds | 46,745 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 155,429 |
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