Dec, 31, 2023 — I.M. DETROIT DISTRICT CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 2 branch locations and about $1.62 million in total assets. Opened 67 years ago in 1957, I.M. DETROIT DISTRICT CREDIT UNION has about 32 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I.M. DETROIT DISTRICT CREDIT UNION |
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Address: (Main Office) | 2101 Gratiot Ave DETROIT, MI 48207-2709 |
Phone: | (313) 259-5817 |
Fax: | (313) 259-7077 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 32 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62167 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,623,320 |
CEO/Manager: | Clorine D Parker |
Chairperson: | Kenneth L Hollowell |
ASSETS: | $ Amount |
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Cash & Equivalents | 571,143 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 899 |
Other Loans | 15,937 |
TOTAL LOANS | 16,836 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -252 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 3,873 |
All Other Assets | 0 |
TOTAL ASSETS | 1,623,320 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,301 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,224,449 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,224,449 |
TOTAL LIABILITIES | 1,227,750 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 395,570 |
TOTAL EQUITY | 395,570 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,623,320 |
INCOME & EXPENSE | |
Loan Income | 1,067 |
Investment Income | 37,180 |
Other Income | 21,653 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,419 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 631 |
Cost of Funds | 2,891 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 46,520 |
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