Dec, 31, 2023 — CONSUMERS PROFESSIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 4 branch locations and about $134.12 million in total assets. Opened 71 years ago in 1953, CONSUMERS PROFESSIONAL CREDIT UNION has about 7,795 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONSUMERS PROFESSIONAL CREDIT UNION |
---|---|
Address: (Main Office) | 525 W Willow St LANSING, MI 48906-4745 |
Phone: | (517) 372-2400 |
Fax: | (517) 371-2728 |
Website: | https://www.cpcu.co |
Branches: | 4 branch locations |
Members: | 7,795 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60947 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $134,118,964 |
CEO/Manager: | Terry Garrison |
Chairperson: | William F Burke |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 16,710,719 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 45,450,513 |
Unsecured Loans | 4,327,588 |
Other Loans | 13,873,778 |
TOTAL LOANS | 63,651,879 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -469,579 |
Land And Building | 1,898,436 |
Other Fixed Assets | 537,673 |
NCUSIF Deposit | 1,105,756 |
All Other Assets | 104,841 |
TOTAL ASSETS | 134,118,964 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 39 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 385,705 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,540,866 |
Regular shares | 38,562,170 |
All Other Shares & Deposits | 55,661,827 |
TOTAL SHARES & DEPOSITS | 112,764,863 |
TOTAL LIABILITIES | 113,150,607 |
Regular Reserve | 0 |
Other Reserves | 341,557 |
Undivided Earnings | 20,626,800 |
TOTAL EQUITY | 20,968,357 |
TOTAL LIABILITIES, SHARES, & EQUITY | 134,118,964 |
INCOME & EXPENSE | |
Loan Income | 3,464,172 |
Investment Income | 2,525,582 |
Other Income | 590,408 |
Total Employee Compensation & Benefits | 2,033,902 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,081,564 |
Non-operating Income & (Expense) | 292,646 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 296,987 |
Cost of Funds | 1,160,722 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,741,248 |
↑ Back to Top |