Dec, 31, 2023 — ALLIANCE CATHOLIC CREDIT UNION is a federally insured state chartered credit union headquartered in FARMINGTON HILLS, MI with 11 branch locations and about $637.85 million in total assets. Opened 68 years ago in 1956, ALLIANCE CATHOLIC CREDIT UNION has about 32,361 members and employs 138 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALLIANCE CATHOLIC CREDIT UNION |
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Address: (Main Office) | 28800 Orchard Lake Rd FARMINGTON HILLS, MI 48334 |
Phone: | (248) 663-4006 |
Fax: | |
Website: | https://www.allianceccu.com |
Branches: | 11 branch locations |
Members: | 32,361 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61759 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $637,845,786 |
CEO/Manager: | Rob Grech |
Chairperson: | Joseph Valentic |
ASSETS: | $ Amount |
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Cash & Equivalents | 46,371,709 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 147,223,484 |
Unsecured Loans | 26,684,271 |
Other Loans | 88,158,680 |
TOTAL LOANS | 287,148,572 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,050,355 |
Land And Building | 15,503,330 |
Other Fixed Assets | 4,484,238 |
NCUSIF Deposit | 5,498,819 |
All Other Assets | 0 |
TOTAL ASSETS | 637,845,786 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 5,988,188 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 149,189,249 |
Regular shares | 205,856,806 |
All Other Shares & Deposits | 215,169,194 |
TOTAL SHARES & DEPOSITS | 570,215,249 |
TOTAL LIABILITIES | 586,203,437 |
Regular Reserve | 0 |
Other Reserves | -10,401,628 |
Undivided Earnings | 62,043,977 |
TOTAL EQUITY | 51,642,349 |
TOTAL LIABILITIES, SHARES, & EQUITY | 637,845,786 |
INCOME & EXPENSE | |
Loan Income | 14,903,427 |
Investment Income | 7,464,800 |
Other Income | 5,034,106 |
Total Employee Compensation & Benefits | 12,069,721 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,572,258 |
Non-operating Income & (Expense) | 1,229,255 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 874,560 |
Cost of Funds | 5,549,607 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 541,967 |
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