CP FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cpfederal.com for more information.
Dec, 31, 2023 — CP FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MI with 10 branch locations and about $552.50 million in total assets. Opened 71 years ago in 1953, CP FEDERAL CREDIT UNION has about 56,958 members and employs 171 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CP FEDERAL CREDIT UNION |
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Address: (Main Office) | 1100 CLINTON RD JACKSON, MI 49202-2060 |
Phone: | (517) 784-7101 |
Fax: | (517) 784-3737 |
Website: | https://www.cpfederal.com |
Branches: | 10 branch locations |
Members: | 56,958 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8667 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $552,496,942 |
CEO/Manager: | Chrissy Siders |
Chairperson: | Quentin Guinn |
ASSETS: | $ Amount |
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Cash & Equivalents | 143,628,841 |
TOTAL INVESTMENTS | 20,026,143 |
Loans Held for Sale | 0 |
Real Estate Loans | 179,639,171 |
Unsecured Loans | 37,129,374 |
Other Loans | 146,107,356 |
TOTAL LOANS | 362,875,901 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,639,045 |
Land And Building | 4,268,495 |
Other Fixed Assets | 2,192,232 |
NCUSIF Deposit | 3,869,917 |
All Other Assets | 18,274,458 |
TOTAL ASSETS | 552,496,942 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,000,000 |
Accounts Payable & Other Liabilities | 3,807,953 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 131,667,647 |
Regular shares | 216,095,155 |
All Other Shares & Deposits | 142,860,923 |
TOTAL SHARES & DEPOSITS | 490,623,725 |
TOTAL LIABILITIES | 495,431,678 |
Regular Reserve | 7,034,613 |
Other Reserves | -4,898,980 |
Undivided Earnings | 54,929,631 |
TOTAL EQUITY | 57,065,264 |
TOTAL LIABILITIES, SHARES, & EQUITY | 552,496,942 |
INCOME & EXPENSE | |
Loan Income | 9,978,718 |
Investment Income | 240,863 |
Other Income | 4,066,130 |
Total Employee Compensation & Benefits | 5,598,100 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,904,712 |
Non-operating Income & (Expense) | 358,595 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,968,292 |
Cost of Funds | 865,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,307,217 |
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