Dec, 31, 2023 — ROCK COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ROCK, MI with 1 branch location and about $8.22 million in total assets. Opened 52 years ago in 1972, ROCK COMMUNITY FEDERAL CREDIT UNION has about 837 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ROCK COMMUNITY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 3975 W Maple Ridge 37th Rd ROCK, MI 49880-9489 |
Phone: | (906) 356-6877 |
Fax: | (906) 356-6824 |
Website: | https://www.rockcommfcu.com |
Branches: | 1 branch locations |
Members: | 837 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21020 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,224,698 |
CEO/Manager: | Marla J Moore |
Chairperson: | Wm. Craig Westlund |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,643,958 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,798 |
Unsecured Loans | 182,113 |
Other Loans | 2,529,376 |
TOTAL LOANS | 2,717,287 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,311 |
Land And Building | 34,428 |
Other Fixed Assets | 34 |
NCUSIF Deposit | 77,265 |
All Other Assets | 0 |
TOTAL ASSETS | 8,224,698 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,000 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,056,216 |
Regular shares | 5,513,361 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,569,577 |
TOTAL LIABILITIES | 7,578,577 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 646,121 |
TOTAL EQUITY | 646,121 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,224,698 |
INCOME & EXPENSE | |
Loan Income | 132,044 |
Investment Income | 100,597 |
Other Income | 102 |
Total Employee Compensation & Benefits | 119,270 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 69,254 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 10,690 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,836 |
↑ Back to Top |