Dec, 31, 2023 — SUNRISE FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in BAY CITY, MI with 3 branch locations and about $138.63 million in total assets. Opened 68 years ago in 1956, SUNRISE FAMILY CREDIT UNION has about 14,265 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUNRISE FAMILY CREDIT UNION |
---|---|
Address: (Main Office) | 404 S Euclid Ave BAY CITY, MI 48706-3206 |
Phone: | (989) 684-1730 |
Fax: | (989) 686-2552 |
Website: | https://www.sunrisefamilycu.org |
Branches: | 3 branch locations |
Members: | 14,265 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61995 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $138,634,938 |
CEO/Manager: | Jeff G Rabanus |
Chairperson: | Louis Meyette |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 13,582,733 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 316,000 |
Real Estate Loans | 16,010,422 |
Unsecured Loans | 6,672,906 |
Other Loans | 24,354,473 |
TOTAL LOANS | 47,037,801 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -200,199 |
Land And Building | 3,347,018 |
Other Fixed Assets | 374,176 |
NCUSIF Deposit | 1,300,682 |
All Other Assets | 0 |
TOTAL ASSETS | 138,634,938 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,119 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,065,470 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,997,097 |
Regular shares | 79,801,049 |
All Other Shares & Deposits | 21,518,172 |
TOTAL SHARES & DEPOSITS | 127,316,318 |
TOTAL LIABILITIES | 130,399,907 |
Regular Reserve | 0 |
Other Reserves | -3,540,810 |
Undivided Earnings | 11,775,841 |
TOTAL EQUITY | 8,235,031 |
TOTAL LIABILITIES, SHARES, & EQUITY | 138,634,938 |
INCOME & EXPENSE | |
Loan Income | 2,394,025 |
Investment Income | 1,719,804 |
Other Income | 629,310 |
Total Employee Compensation & Benefits | 2,154,200 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,821,928 |
Non-operating Income & (Expense) | 215 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,063 |
Cost of Funds | 278,504 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 182,058 |
↑ Back to Top |