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WARREN MUNICIPAL FEDERAL CREDIT UNION

Mar, 31, 2022 — WARREN MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 1 branch location and about $23.54 million in total assets. Opened 70 years ago in 1952, WARREN MUNICIPAL FEDERAL CREDIT UNION has about 1,422 members and employs 4 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:http://warrenmunicipalfcu.com
Branches:1 branch locations
Members:1,422
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$23,543,727
CEO/Manager:Karen L Mollison
Chairperson:Chester Kulesza

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,010,038
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,674,929
 Unsecured Loans 831,475
 Other Loans 2,413,982
 TOTAL LOANS 8,944,624
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,752
 Land And Building 43,463
 Other Fixed Assets 11,002
 NCUSIF Deposit 191,842
 All Other Assets 0
  TOTAL ASSETS 23,543,727
LIABILITIES & CAPITAL:  
 Dividends Payable 728
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 34,256
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,466,100
 Regular shares 15,205,861
 All Other Shares & Deposits 3,464,287
  TOTAL SHARES & DEPOSITS 22,136,248
  TOTAL LIABILITIES 22,171,232
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,372,495
  TOTAL EQUITY 1,372,495
  TOTAL LIABILITIES, SHARES, & EQUITY 23,543,727
INCOME & EXPENSE  
 Loan Income 81,895
 Investment Income 33,569
 Other Income 18,399
 Total Employee Compensation & Benefits 62,938
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,778
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 813
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,589
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