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CATHOLIC VANTAGE FINANCIAL CREDIT UNION

Sep, 30, 2025 — CATHOLIC VANTAGE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in LIVONIA, MI with 2 branch locations and about $130.78 million in total assets. Opened 73 years ago in 1953, CATHOLIC VANTAGE FINANCIAL CREDIT UNION has about 8,553 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CATHOLIC VANTAGE FINANCIAL CREDIT UNION
Address:
(Main Office)
36111 FIVE MILE RD
LIVONIA, MI 48154
Phone:(734) 432-0212
Fax:(734) 432-5018
Website:https://www.mycvf.org
Branches:2 branch locations
Members:8,553
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68709
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Mar 01, 2025
FHLB Member:Yes
Low Income Designation:No
Assets:$130,775,699
CEO/Manager:Peter M Bagazinski
Chairperson:Kevin G Prost

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,980,444
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 45,282,892
 Unsecured Loans 2,828,795
 Other Loans 23,156,066
 TOTAL LOANS 88,795,791
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -561,502
 Land And Building 2,746,855
 Other Fixed Assets 61,773
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 1,193,878
 All Other Assets 0
  TOTAL ASSETS 130,775,699
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 389,929
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,109,906
 Regular shares 66,652,207
 All Other Shares & Deposits 26,091,505
  TOTAL SHARES & DEPOSITS 122,693,360
  TOTAL LIABILITIES 113,206,939
 Regular Reserve 0
 Other Reserves -558,699
 Undivided Earnings 10,053,664
  TOTAL EQUITY 9,494,965
  TOTAL LIABILITIES, SHARES, & EQUITY 121,478,403
INCOME & EXPENSE  
 Loan Income 1,935,902
 Investment Income 676,926
 Other Income 166,658
 Total Employee Compensation & Benefits 1,370,717
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 1,727,105
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -87,145
 Cost of Funds 299,687
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,110,901
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