Dec, 31, 2023 — MUSKEGON ST JOSEPH FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON, MI with 1 branch location and about $16.06 million in total assets. Opened 72 years ago in 1952, MUSKEGON ST JOSEPH FEDERAL CREDIT UNION has about 1,521 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUSKEGON ST JOSEPH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1903 Barclay St MUSKEGON, MI 49441 |
| Phone: | (231) 759-7931 |
| Fax: | (231) 759-7432 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,521 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8141 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,056,942 |
| CEO/Manager: | Mary L Kleinsorge |
| Chairperson: | James Schuiteman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,615,122 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,257,211 |
| Unsecured Loans | 833,205 |
| Other Loans | 5,998,022 |
| TOTAL LOANS | 10,088,438 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,394 |
| Land And Building | 0 |
| Other Fixed Assets | 21,351 |
| NCUSIF Deposit | 159,854 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,056,942 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,747 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 14,708,408 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 14,708,408 |
| TOTAL LIABILITIES | 14,723,155 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,333,787 |
| TOTAL EQUITY | 1,333,787 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,056,942 |
| INCOME & EXPENSE | |
| Loan Income | 421,226 |
| Investment Income | 107,030 |
| Other Income | 9,539 |
| Total Employee Compensation & Benefits | 171,022 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 137,969 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,884 |
| Cost of Funds | 347,099 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -412,217 |
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