Dec, 31, 2023 — CASE CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 5 branch locations and about $393.70 million in total assets. Opened 88 years ago in 1936, CASE CREDIT UNION has about 35,350 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CASE CREDIT UNION |
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Address: (Main Office) | 4316 S Pennsylvania Ave LANSING, MI 48910 |
Phone: | (517) 393-7710 |
Fax: | (517) 367-1070 |
Website: | https://www.casecu.org |
Branches: | 5 branch locations |
Members: | 35,350 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61908 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $393,700,201 |
CEO/Manager: | Jeffrey S Benson |
Chairperson: | William Brewer |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,804,187 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 141,057,564 |
Unsecured Loans | 24,778,968 |
Other Loans | 136,713,462 |
TOTAL LOANS | 302,676,108 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,465,890 |
Land And Building | 8,514,689 |
Other Fixed Assets | 1,777,615 |
NCUSIF Deposit | 3,269,395 |
All Other Assets | 69,000 |
TOTAL ASSETS | 393,700,201 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 307,529 |
Notes & Interest Payable | 28,000,000 |
Accounts Payable & Other Liabilities | 7,505,876 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 66,004,867 |
Regular shares | 101,265,707 |
All Other Shares & Deposits | 158,456,976 |
TOTAL SHARES & DEPOSITS | 325,727,550 |
TOTAL LIABILITIES | 361,648,499 |
Regular Reserve | 0 |
Other Reserves | -5,649,635 |
Undivided Earnings | 37,701,337 |
TOTAL EQUITY | 32,051,702 |
TOTAL LIABILITIES, SHARES, & EQUITY | 393,700,201 |
INCOME & EXPENSE | |
Loan Income | 17,121,344 |
Investment Income | 1,559,472 |
Other Income | 5,124,622 |
Total Employee Compensation & Benefits | 7,446,680 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,508,079 |
Non-operating Income & (Expense) | -144,285 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,415,000 |
Cost of Funds | 4,578,585 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 802,847 |
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