Dec, 31, 2023 — CP FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, MI with 15 branch locations and about $703.07 million in total assets. Opened 71 years ago in 1953, CP FINANCIAL CREDIT UNION has about 66,190 members and employs 196 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CP FINANCIAL CREDIT UNION |
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Address: (Main Office) | 1100 Clinton Rd JACKSON, MI 49202-2060 |
Phone: | (517) 784-7101 |
Fax: | (517) 784-6677 |
Website: | https://www.trueccu.com |
Branches: | 15 branch locations |
Members: | 66,190 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68718 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $703,073,726 |
CEO/Manager: | Chrissy Siders |
Chairperson: | Josh Burgett |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,238,624 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 253,742,056 |
Unsecured Loans | 67,796,225 |
Other Loans | 254,574,366 |
TOTAL LOANS | 576,112,647 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,988,396 |
Land And Building | 7,700,984 |
Other Fixed Assets | 2,565,849 |
NCUSIF Deposit | 5,922,910 |
All Other Assets | 80,902 |
TOTAL ASSETS | 703,073,726 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 20,000,000 |
Accounts Payable & Other Liabilities | 5,539,524 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 163,324,592 |
Regular shares | 245,878,368 |
All Other Shares & Deposits | 199,649,232 |
TOTAL SHARES & DEPOSITS | 608,852,192 |
TOTAL LIABILITIES | 634,391,716 |
Regular Reserve | 0 |
Other Reserves | -5,285,370 |
Undivided Earnings | 73,967,380 |
TOTAL EQUITY | 68,682,010 |
TOTAL LIABILITIES, SHARES, & EQUITY | 703,073,726 |
INCOME & EXPENSE | |
Loan Income | 29,310,389 |
Investment Income | 2,300,692 |
Other Income | 5,413,755 |
Total Employee Compensation & Benefits | 17,668,356 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,027,536 |
Non-operating Income & (Expense) | -139,901 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,314,670 |
Cost of Funds | 4,247,519 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,353,398 |
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