Dec, 31, 2023 — BLUEOX CREDIT UNION is a federally insured state chartered credit union headquartered in BATTLE CREEK, MI with 6 branch locations and about $224.32 million in total assets. Opened 88 years ago in 1936, BLUEOX CREDIT UNION has about 17,955 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLUEOX CREDIT UNION |
|---|---|
| Address: (Main Office) | 115 Riverside Dr BATTLE CREEK, MI 49015 |
| Phone: | (269) 965-7281 |
| Fax: | (269) 965-2420 |
| Website: | https://blueoxcu.org |
| Branches: | 6 branch locations |
| Members: | 17,955 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62072 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $224,315,900 |
| CEO/Manager: | Steven J Cobb |
| Chairperson: | Don Hicks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,484,259 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,166,638 |
| Unsecured Loans | 10,632,234 |
| Other Loans | 85,746,695 |
| TOTAL LOANS | 177,689,904 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,382,006 |
| Land And Building | 6,819,276 |
| Other Fixed Assets | 1,274,566 |
| NCUSIF Deposit | 1,985,068 |
| All Other Assets | 143,243 |
| TOTAL ASSETS | 224,315,900 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 68,041 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,188,753 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,762,111 |
| Regular shares | 64,561,683 |
| All Other Shares & Deposits | 89,492,497 |
| TOTAL SHARES & DEPOSITS | 201,816,292 |
| TOTAL LIABILITIES | 204,073,086 |
| Regular Reserve | 0 |
| Other Reserves | 3,075,627 |
| Undivided Earnings | 17,167,187 |
| TOTAL EQUITY | 20,242,814 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 224,315,900 |
| INCOME & EXPENSE | |
| Loan Income | 8,851,818 |
| Investment Income | 767,876 |
| Other Income | 2,627,838 |
| Total Employee Compensation & Benefits | 5,948,204 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,749,519 |
| Non-operating Income & (Expense) | 4,418,490 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,963,156 |
| Cost of Funds | 1,588,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,187,694 |
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