Sep, 30, 2025 — ST. FRANCIS X FEDERAL CREDIT UNION is a federal credit union headquartered in PETOSKEY, MI with 4 branch locations and about $259.85 million in total assets. Opened 75 years ago in 1951, ST. FRANCIS X FEDERAL CREDIT UNION has about 9,951 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. FRANCIS X FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2140 M 119 PETOSKEY, MI 49770 |
| Phone: | (231) 348-7690 |
| Fax: | |
| Website: | https://www.stfranciscu.org |
| Branches: | 4 branch locations |
| Members: | 9,951 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7219 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $259,846,761 |
| CEO/Manager: | Scott Bingaman |
| Chairperson: | Robinson Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,499,354 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 114,736,656 |
| Unsecured Loans | 1,680,620 |
| Other Loans | 25,954,680 |
| TOTAL LOANS | 142,371,956 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -593,841 |
| Land And Building | 2,304,709 |
| Other Fixed Assets | 34,845 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,937,823 |
| All Other Assets | 0 |
| TOTAL ASSETS | 259,846,761 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 876,993 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,362,475 |
| Regular shares | 69,710,941 |
| All Other Shares & Deposits | 118,073,499 |
| TOTAL SHARES & DEPOSITS | 224,146,914 |
| TOTAL LIABILITIES | 225,023,907 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 34,822,854 |
| TOTAL EQUITY | 34,822,854 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 259,846,761 |
| INCOME & EXPENSE | |
| Loan Income | 5,549,984 |
| Investment Income | 2,547,898 |
| Other Income | 330,616 |
| Total Employee Compensation & Benefits | 2,107,730 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,420,824 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,767 |
| Cost of Funds | 2,670,382 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,885,797 |
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