Sep, 30, 2025 — MARQUETTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MARQUETTE, MI with 2 branch locations and about $110.42 million in total assets. Opened 74 years ago in 1952, MARQUETTE COMMUNITY FEDERAL CREDIT UNION has about 8,250 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARQUETTE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1230 W Washington St MARQUETTE, MI 49855 |
| Phone: | (906) 228-9850 |
| Fax: | (906) 228-7662 |
| Website: | https://www.marquettecomm.org |
| Branches: | 2 branch locations |
| Members: | 8,250 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7873 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,424,393 |
| CEO/Manager: | Jim Lori |
| Chairperson: | Tom Meravi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,153,896 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,568,183 |
| Unsecured Loans | 3,589,798 |
| Other Loans | 47,405,937 |
| TOTAL LOANS | 56,563,918 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -294,519 |
| Land And Building | 1,157,198 |
| Other Fixed Assets | 93,716 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 894,263 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,424,393 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 804 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,741,284 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,860,594 |
| Regular shares | 64,002,178 |
| All Other Shares & Deposits | 6,101,264 |
| TOTAL SHARES & DEPOSITS | 92,964,036 |
| TOTAL LIABILITIES | 94,706,124 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 15,718,269 |
| TOTAL EQUITY | 15,718,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,424,393 |
| INCOME & EXPENSE | |
| Loan Income | 2,586,386 |
| Investment Income | 988,535 |
| Other Income | 249,626 |
| Total Employee Compensation & Benefits | 1,033,673 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,176,145 |
| Non-operating Income & (Expense) | 14,857 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,445 |
| Cost of Funds | 95,271 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,842,884 |
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