Dec, 31, 2023 — AUTO-OWNERS ASSOCIATES CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 1 branch location and about $44.06 million in total assets. Opened 76 years ago in 1948, AUTO-OWNERS ASSOCIATES CREDIT UNION has about 2,740 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AUTO-OWNERS ASSOCIATES CREDIT UNION |
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Address: (Main Office) | 6101 Anacapri Blvd LANSING, MI 48917 |
Phone: | (517) 323-1370 |
Fax: | (517) 391-1189 |
Website: | https://aoacu.com |
Branches: | 1 branch locations |
Members: | 2,740 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62543 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,057,983 |
CEO/Manager: | Suzanne Chan |
Chairperson: | David Lueders |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,118,662 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,011,303 |
Other Loans | 7,155,670 |
TOTAL LOANS | 8,166,973 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,776 |
Land And Building | 0 |
Other Fixed Assets | 557 |
NCUSIF Deposit | 389,509 |
All Other Assets | 0 |
TOTAL ASSETS | 44,057,983 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,361 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 137,898 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,479,582 |
Regular shares | 0 |
All Other Shares & Deposits | 4,218,580 |
TOTAL SHARES & DEPOSITS | 37,698,162 |
TOTAL LIABILITIES | 37,842,421 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,215,562 |
TOTAL EQUITY | 6,215,562 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,057,983 |
INCOME & EXPENSE | |
Loan Income | 384,789 |
Investment Income | 804,601 |
Other Income | 159,640 |
Total Employee Compensation & Benefits | 241,585 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 453,559 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,734 |
Cost of Funds | 372,943 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 347,209 |
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