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 |
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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 |
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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 |
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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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