Credit Unions Near Me
National Credit Union Service Organization

CP FEDERAL CREDIT UNION

Dec, 31, 2023 — CP FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MI with 10 branch locations and about $552.50 million in total assets. Opened 71 years ago in 1953, CP FEDERAL CREDIT UNION has about 56,958 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.


Name:CP FEDERAL CREDIT UNION
Address:
(Main Office)
1100 CLINTON RD
JACKSON, MI 49202-2060
Phone:(517) 784-7101
Fax:(517) 784-3737
Website:https://www.cpfederal.com
Branches:10 branch locations
Members:56,958
Credit Union Type:Federal Credit Union
Charter Number:8667
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1953
Last Audited:Sep 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$552,496,942
CEO/Manager:Chrissy Siders
Chairperson:Quentin Guinn

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 143,628,841
TOTAL INVESTMENTS 20,026,143
Loans Held for Sale 0
 
 Real Estate Loans 179,639,171
 Unsecured Loans 37,129,374
 Other Loans 146,107,356
 TOTAL LOANS 362,875,901
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,639,045
 Land And Building 4,268,495
 Other Fixed Assets 2,192,232
 NCUSIF Deposit 3,869,917
 All Other Assets 18,274,458
  TOTAL ASSETS 552,496,942
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 1,000,000
 Accounts Payable & Other Liabilities 3,807,953
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 131,667,647
 Regular shares 216,095,155
 All Other Shares & Deposits 142,860,923
  TOTAL SHARES & DEPOSITS 490,623,725
  TOTAL LIABILITIES 495,431,678
 Regular Reserve 7,034,613
 Other Reserves -4,898,980
 Undivided Earnings 54,929,631
  TOTAL EQUITY 57,065,264
  TOTAL LIABILITIES, SHARES, & EQUITY 552,496,942
INCOME & EXPENSE  
 Loan Income 9,978,718
 Investment Income 240,863
 Other Income 4,066,130
 Total Employee Compensation & Benefits 5,598,100
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,904,712
 Non-operating Income & (Expense) 358,595
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,968,292
 Cost of Funds 865,985
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,307,217
↑ Back to Top

Other Credit Unions

GABRIELS COMMUNITY CREDIT UNION
1901 E Michigan Ave
LANSING, MI 48912-2844
FARM BUREAU FAMILY CREDIT UNION
7373 W Saginaw Hwy
LANSING, MI 48917-1124
AUTO-OWNERS ASSOCIATES CREDIT UNION
6101 Anacapri Blvd
LANSING, MI 48917
SOUTH CENTRAL CREDIT UNION
958 W Monroe St
JACKSON, MI 49202-2036
AEROQUIP CREDIT UNION
901 Plymouth St
JACKSON, MI 49201
MARSHALL COMMUNITY CREDIT UNION
839 W Green St
MARSHALL, MI 49068
CASE CREDIT UNION
4316 S Pennsylvania Ave
LANSING, MI 48910
LENCO CREDIT UNION
615 W Maple Ave
ADRIAN, MI 49221-1630
ASTERA CREDIT UNION
111 S Waverly Rd
LANSING, MI 48917
CP FINANCIAL CREDIT UNION
1100 Clinton Rd
JACKSON, MI 49202-2060