Sep, 30, 2025 — DORT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND BLANC, MI with 17 branch locations and about $2.25 billion in total assets. Opened 75 years ago in 1951, DORT FINANCIAL CREDIT UNION has about 118,633 members and employs 376 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DORT FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9048 HOLLY RD GRAND BLANC, MI 48439 |
| Phone: | (810) 767-8390 |
| Fax: | (810) 767-6633 |
| Website: | https://www.dortonline.org |
| Branches: | 17 branch locations |
| Members: | 118,633 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68708 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,253,725,528 |
| CEO/Manager: | BRIAN WALDRON |
| Chairperson: | WAYNE NATZKE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,194,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 939,718 |
| Real Estate Loans | 1,043,523,684 |
| Unsecured Loans | 170,361,548 |
| Other Loans | 592,707,981 |
| TOTAL LOANS | 1,806,593,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,426,279 |
| Land And Building | 33,812,997 |
| Other Fixed Assets | 6,861,702 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,932,781 |
| All Other Assets | 1,588,457 |
| TOTAL ASSETS | 2,253,725,528 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55,425 |
| Notes & Interest Payable | 52,500,000 |
| Accounts Payable & Other Liabilities | 35,115,098 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 322,492,323 |
| Regular shares | 304,374,528 |
| All Other Shares & Deposits | 1,305,907,157 |
| TOTAL SHARES & DEPOSITS | 1,932,774,009 |
| TOTAL LIABILITIES | 2,020,444,532 |
| Regular Reserve | 0 |
| Other Reserves | -10,916,392 |
| Undivided Earnings | 244,197,388 |
| TOTAL EQUITY | 233,280,996 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,253,725,528 |
| INCOME & EXPENSE | |
| Loan Income | 93,789,327 |
| Investment Income | 7,898,527 |
| Other Income | 7,568,311 |
| Total Employee Compensation & Benefits | 30,253,733 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 34,391,598 |
| Non-operating Income & (Expense) | 6,709 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,691,404 |
| Cost of Funds | 43,125,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,950,948 |
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