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CHRISTIAN FINANCIAL CREDIT UNION

Dec, 31, 2023 — CHRISTIAN FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in STERLING HEIGHTS, MI with 10 branch locations and about $847.89 million in total assets. Opened 57 years ago in 1967, CHRISTIAN FINANCIAL CREDIT UNION has about 56,555 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.


ABA Routing Number: 272484289
Name:CHRISTIAN FINANCIAL CREDIT UNION
Address:
(Main Office)
35100 Van Dyke Ave
STERLING HEIGHTS, MI 48312
Phone:(586) 772-6330
Fax:
Website:https://www.christianfinancialcu.or
Branches:10 branch locations
Members:56,555
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63805
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$847,893,640
CEO/Manager:Patricia L Campbell
Chairperson:James Banaszak

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 47,993,849
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 336,878,328
 Unsecured Loans 38,359,823
 Other Loans 213,826,383
 TOTAL LOANS 589,666,955
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,647,586
 Land And Building 24,940,257
 Other Fixed Assets 2,747,588
 NCUSIF Deposit 6,738,436
 All Other Assets 32,276
  TOTAL ASSETS 847,893,640
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 40,000,000
 Accounts Payable & Other Liabilities 4,722,307
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 121,028,523
 Regular shares 256,965,657
 All Other Shares & Deposits 341,548,435
  TOTAL SHARES & DEPOSITS 719,542,614
  TOTAL LIABILITIES 764,264,921
 Regular Reserve 0
 Other Reserves 19,573,614
 Undivided Earnings 64,055,105
  TOTAL EQUITY 83,628,719
  TOTAL LIABILITIES, SHARES, & EQUITY 847,893,640
INCOME & EXPENSE  
 Loan Income 25,825,474
 Investment Income 3,098,717
 Other Income 4,958,042
 Total Employee Compensation & Benefits 14,781,307
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,701,628
 Non-operating Income & (Expense) 6,259
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 575,000
 Cost of Funds 6,876,471
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,582,023
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