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WARREN MUNICIPAL FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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