ALLEGAN CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.allegancu.com for more information.
Sep, 30, 2025 — ALLEGAN CREDIT UNION is a federally insured state chartered credit union headquartered in ALLEGAN, MI with 3 branch locations and about $83.63 million in total assets. Opened 81 years ago in 1945, ALLEGAN CREDIT UNION has about 8,708 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: | ALLEGAN CREDIT UNION |
|---|---|
| Address: (Main Office) | P. O. BOX 320 ALLEGAN, MI 49010 |
| Phone: | (269) 673-5465 |
| Fax: | (269) 673-4298 |
| Website: | https://www.allegancu.com |
| Branches: | 3 branch locations |
| Members: | 8,708 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68729 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $83,630,242 |
| CEO/Manager: | Kristopher Lewis |
| Chairperson: | Lori Drozd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,245,623 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,749,391 |
| Unsecured Loans | 3,572,737 |
| Other Loans | 29,328,772 |
| TOTAL LOANS | 57,650,900 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -372,316 |
| Land And Building | 961,285 |
| Other Fixed Assets | 121,776 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 669,876 |
| All Other Assets | 2,381 |
| TOTAL ASSETS | 83,630,242 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,897 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,351,150 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,511,552 |
| Regular shares | 33,885,130 |
| All Other Shares & Deposits | 21,168,254 |
| TOTAL SHARES & DEPOSITS | 74,564,936 |
| TOTAL LIABILITIES | 75,942,983 |
| Regular Reserve | 0 |
| Other Reserves | -491,260 |
| Undivided Earnings | 8,178,519 |
| TOTAL EQUITY | 7,687,259 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 83,630,242 |
| INCOME & EXPENSE | |
| Loan Income | 1,970,574 |
| Investment Income | 201,621 |
| Other Income | 545,485 |
| Total Employee Compensation & Benefits | 1,329,405 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,617,354 |
| Non-operating Income & (Expense) | -7,077 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 253,159 |
| Cost of Funds | 81,038 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,124,995 |
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