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National Credit Union Service Organization

LIVE LIFE FEDERAL CREDIT UNION

Jun, 30, 2021 — LIVE LIFE FEDERAL CREDIT UNION is a federal credit union headquartered in Fraser, MI with 1 branch location and about $73.35 million in total assets. Opened 69 years ago in 1952, LIVE LIFE FEDERAL CREDIT UNION has about 1,530 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:1,530
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:$73,354,504
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 30,549,495
TOTAL INVESTMENTS 575,386
Loans Held for Sale 0
 
 Real Estate Loans 31,281,690
 Unsecured Loans 1,130,300
 Other Loans 6,872,559
 TOTAL LOANS 39,284,549
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -328,973
 Land And Building 1,612,684
 Other Fixed Assets 122,619
 NCUSIF Deposit 392,464
 All Other Assets 1,146,280
  TOTAL ASSETS 73,354,504
LIABILITIES & CAPITAL:  
 Dividends Payable 11,144
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 346,454
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 53,716,438
 Regular shares 9,998,014
 All Other Shares & Deposits 3,939,065
  TOTAL SHARES & DEPOSITS 67,653,517
  TOTAL LIABILITIES 68,011,115
 Regular Reserve 651,880
 Other Reserves 286
 Undivided Earnings 4,691,223
  TOTAL EQUITY 5,343,389
  TOTAL LIABILITIES, SHARES, & EQUITY 73,354,504
INCOME & EXPENSE  
 Loan Income 668,078
 Investment Income 13,911
 Other Income 1,850,032
 Total Employee Compensation & Benefits 496,996
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 845,910
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 134,483
 Cost of Funds 31,487
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,231,306
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