Jun, 30, 2021 — WARREN MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 1 branch location and about $22.21 million in total assets. Opened 69 years ago in 1952, WARREN MUNICIPAL FEDERAL CREDIT UNION has about 1,473 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 WARREN, MI 48093 |
| Phone: | (586) 268-9690 |
| Fax: | (586) 268-5898 |
| Website: | http://warrenmunicipalfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,473 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,206,655 |
| CEO/Manager: | Karen L Mollison |
| Chairperson: | Chester Kulesza |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,473,740 |
| TOTAL INVESTMENTS | 8,145,752 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,822,574 |
| Unsecured Loans | 899,784 |
| Other Loans | 2,568,090 |
| TOTAL LOANS | 7,317,289 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,274 |
| Land And Building | 44,692 |
| Other Fixed Assets | 5,955 |
| NCUSIF Deposit | 191,842 |
| All Other Assets | 64,659 |
| TOTAL ASSETS | 22,206,655 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 690 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 201,569 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,966,811 |
| Regular shares | 14,045,419 |
| All Other Shares & Deposits | 3,629,897 |
| TOTAL SHARES & DEPOSITS | 20,642,127 |
| TOTAL LIABILITIES | 20,844,386 |
| Regular Reserve | 284,212 |
| Other Reserves | 46,352 |
| Undivided Earnings | 1,031,705 |
| TOTAL EQUITY | 1,362,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,206,655 |
| INCOME & EXPENSE | |
| Loan Income | 136,968 |
| Investment Income | 61,149 |
| Other Income | 33,548 |
| Total Employee Compensation & Benefits | 117,074 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 127,693 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,516 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,889 |
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