Dec, 31, 2023 — JOURNEY FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT JOHNS, MI with 3 branch locations and about $175.45 million in total assets. Opened 52 years ago in 1972, JOURNEY FEDERAL CREDIT UNION has about 17,886 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JOURNEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1200 Zeeb Dr SAINT JOHNS, MI 48879-1150 |
Phone: | (989) 224-9511 |
Fax: | (989) 224-6596 |
Website: | https://www.journeyfcu.org |
Branches: | 3 branch locations |
Members: | 17,886 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20943 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $175,445,797 |
CEO/Manager: | Jeffrey Kusler |
Chairperson: | Christopher Kowatch |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,233,346 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 36,096,283 |
Unsecured Loans | 10,454,891 |
Other Loans | 63,399,809 |
TOTAL LOANS | 109,950,983 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,161,829 |
Land And Building | 1,604,073 |
Other Fixed Assets | 304,067 |
NCUSIF Deposit | 1,571,166 |
All Other Assets | 0 |
TOTAL ASSETS | 175,445,797 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,779,723 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,834,591 |
Regular shares | 59,436,018 |
All Other Shares & Deposits | 64,528,653 |
TOTAL SHARES & DEPOSITS | 158,799,261 |
TOTAL LIABILITIES | 160,578,984 |
Regular Reserve | 0 |
Other Reserves | -476,843 |
Undivided Earnings | 15,343,656 |
TOTAL EQUITY | 14,866,813 |
TOTAL LIABILITIES, SHARES, & EQUITY | 175,445,797 |
INCOME & EXPENSE | |
Loan Income | 5,052,147 |
Investment Income | 1,188,778 |
Other Income | 1,084,913 |
Total Employee Compensation & Benefits | 2,595,193 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,948,714 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 928,173 |
Cost of Funds | 1,051,456 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 678,356 |
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