Sep, 30, 2025 — CHIROPRACTIC FEDERAL CREDIT UNION is a federal credit union headquartered in FARMINGTON, MI with 1 branch location and about $41.31 million in total assets. Opened 76 years ago in 1950, CHIROPRACTIC FEDERAL CREDIT UNION has about 2,617 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHIROPRACTIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 23617 Liberty St FARMINGTON, MI 48335 |
| Phone: | (248) 478-4020 |
| Fax: | (248) 478-7632 |
| Website: | https://www.chirofcu.org |
| Branches: | 1 branch locations |
| Members: | 2,617 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6871 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,307,502 |
| CEO/Manager: | Jeanette Nielsen |
| Chairperson: | Eric Novak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,838,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,209,465 |
| Unsecured Loans | 2,285,389 |
| Other Loans | 9,454,839 |
| TOTAL LOANS | 18,036,531 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -218,190 |
| Land And Building | 39,369 |
| Other Fixed Assets | 7,683 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 318,343 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,307,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 134,841 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,545 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,397,408 |
| Regular shares | 6,899,609 |
| All Other Shares & Deposits | 17,163,524 |
| TOTAL SHARES & DEPOSITS | 35,460,541 |
| TOTAL LIABILITIES | 35,626,927 |
| Regular Reserve | 0 |
| Other Reserves | -253,075 |
| Undivided Earnings | 5,933,650 |
| TOTAL EQUITY | 5,680,575 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,307,502 |
| INCOME & EXPENSE | |
| Loan Income | 879,788 |
| Investment Income | 300,058 |
| Other Income | 88,444 |
| Total Employee Compensation & Benefits | 356,807 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 463,652 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,896 |
| Cost of Funds | 378,209 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,519 |
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