Sep, 30, 2022 — WARREN MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 1 branch location and about $23.90 million in total assets. Opened 71 years ago in 1952, WARREN MUNICIPAL FEDERAL CREDIT UNION has about 1,417 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WARREN MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 31300 Hoover Rd WARREN, MI 48093-1774 |
| Phone: | (586) 268-9690 |
| Fax: | (586) 268-5898 |
| Website: | https://warrenmunicipalfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,417 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7633 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,902,665 |
| CEO/Manager: | Karen L Mollison |
| Chairperson: | Chester Kulesza |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,582,055 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,326,911 |
| Unsecured Loans | 974,903 |
| Other Loans | 2,939,717 |
| TOTAL LOANS | 10,263,421 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,599 |
| Land And Building | 42,641 |
| Other Fixed Assets | 8,858 |
| NCUSIF Deposit | 212,299 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,902,665 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 791 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,178 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,373,733 |
| Regular shares | 15,733,366 |
| All Other Shares & Deposits | 3,308,409 |
| TOTAL SHARES & DEPOSITS | 22,415,508 |
| TOTAL LIABILITIES | 22,451,477 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,451,188 |
| TOTAL EQUITY | 1,451,188 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,902,665 |
| INCOME & EXPENSE | |
| Loan Income | 270,666 |
| Investment Income | 146,424 |
| Other Income | 54,869 |
| Total Employee Compensation & Benefits | 185,096 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 202,053 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,532 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 105,282 |
| ↑ Back to Top | |