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National Credit Union Service Organization

LIVE LIFE FEDERAL CREDIT UNION

Mar, 31, 2022 — LIVE LIFE FEDERAL CREDIT UNION is a federal credit union headquartered in FRASER, MI with 1 branch location and about $73.04 million in total assets. Opened 70 years ago in 1952, LIVE LIFE FEDERAL CREDIT UNION has about 1,409 members and employs 11 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:1,409
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:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$73,044,408
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 24,226,988
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 35,800,798
 Unsecured Loans 1,088,043
 Other Loans 8,320,196
 TOTAL LOANS 45,209,037
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -436,758
 Land And Building 1,565,114
 Other Fixed Assets 337,217
 NCUSIF Deposit 385,638
 All Other Assets 0
  TOTAL ASSETS 73,044,408
LIABILITIES & CAPITAL:  
 Dividends Payable 10,299
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 409,794
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 50,119,898
 Regular shares 13,610,642
 All Other Shares & Deposits 3,720,301
  TOTAL SHARES & DEPOSITS 67,450,841
  TOTAL LIABILITIES 67,870,934
 Regular Reserve 0
 Other Reserves -25,320
 Undivided Earnings 5,198,794
  TOTAL EQUITY 5,173,474
  TOTAL LIABILITIES, SHARES, & EQUITY 73,044,408
INCOME & EXPENSE  
 Loan Income 377,235
 Investment Income 9,668
 Other Income 614,460
 Total Employee Compensation & Benefits 277,193
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 686,423
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 45,000
 Cost of Funds 10,324
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 50,184
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