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National Credit Union Service Organization

LIVE LIFE FEDERAL CREDIT UNION

Sep, 30, 2021 — LIVE LIFE FEDERAL CREDIT UNION is a federal credit union headquartered in Fraser, MI with 1 branch location and about $71.70 million in total assets. Opened 70 years ago in 1952, LIVE LIFE FEDERAL CREDIT UNION has about 1,458 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272485851
Name:LIVE LIFE FEDERAL CREDIT UNION
Address:
(Main Office)
34200 Utica Rd
Fraser, MI 48026
Phone:(586) 268-3720
Fax:(586) 268-3424
Website:http://livelifefcu.org
Branches:1 branch locations
Members:1,458
Credit Union Type:Federal Credit Union
Charter Number:7927
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$71,704,343
CEO/Manager:Karla Haglund
Chairperson:Steven J Grogan

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 27,248,651
TOTAL INVESTMENTS 528,075
Loans Held for Sale 0
 
 Real Estate Loans 33,348,293
 Unsecured Loans 969,909
 Other Loans 7,278,290
 TOTAL LOANS 41,596,492
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -384,752
 Land And Building 1,671,254
 Other Fixed Assets 187,185
 NCUSIF Deposit 392,464
 All Other Assets 464,974
  TOTAL ASSETS 71,704,343
LIABILITIES & CAPITAL:  
 Dividends Payable 10,915
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 524,485
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 51,652,675
 Regular shares 9,805,344
 All Other Shares & Deposits 4,218,360
  TOTAL SHARES & DEPOSITS 65,676,379
  TOTAL LIABILITIES 66,211,779
 Regular Reserve 651,880
 Other Reserves -25
 Undivided Earnings 4,840,709
  TOTAL EQUITY 5,492,564
  TOTAL LIABILITIES, SHARES, & EQUITY 71,704,343
INCOME & EXPENSE  
 Loan Income 1,010,473
 Investment Income 36,894
 Other Income 2,458,812
 Total Employee Compensation & Benefits 796,146
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,420,051
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 179,483
 Cost of Funds 49,454
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,380,792
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