Sep, 30, 2025 — MUSKEGON FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON, MI with 2 branch locations and about $78.71 million in total assets. Opened 75 years ago in 1951, MUSKEGON FEDERAL CREDIT UNION has about 5,028 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUSKEGON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 65 W LAKETON AVE MUSKEGON, MI 49441 |
| Phone: | (231) 722-7285 |
| Fax: | |
| Website: | https://www.muskfedcu.com |
| Branches: | 2 branch locations |
| Members: | 5,028 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7509 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,713,262 |
| CEO/Manager: | TONI WINSKAS |
| Chairperson: | JAMES TAYLOR |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,473,674 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,033,356 |
| Unsecured Loans | 5,423,018 |
| Other Loans | 10,837,070 |
| TOTAL LOANS | 31,293,444 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,730 |
| Land And Building | 903,843 |
| Other Fixed Assets | 195,194 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 641,335 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,713,262 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 104,610 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 383,148 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,544,648 |
| Regular shares | 13,963,424 |
| All Other Shares & Deposits | 47,131,350 |
| TOTAL SHARES & DEPOSITS | 69,639,422 |
| TOTAL LIABILITIES | 70,127,180 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,586,082 |
| TOTAL EQUITY | 8,586,082 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,713,262 |
| INCOME & EXPENSE | |
| Loan Income | 1,279,109 |
| Investment Income | 1,294,465 |
| Other Income | 709,027 |
| Total Employee Compensation & Benefits | 827,322 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,043,026 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 172,608 |
| Cost of Funds | 936,995 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 315,267 |
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