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 LAKE MICHIGAN CREDIT UNION
LAKE MICHIGAN CREDIT UNION
| RSSD ID 651596 | CHARTER 62514 |
| PO 2484 |
Quarter Ended : |
2012-12-31 |
| Grand Rapids, MI, 49501 |
Agency Update : |
2013-01-22 |
| www.lmcu.org |
| Institution Profile |
| Year Opened : |
1933 |
Institution Type : |
Credit Union |
| Credit Union Type : |
State |
Federal Regulator : |
NCUA |
| Membership Type : |
State chartered natural person credit union |
| Statistical Area (MSA) : |
Grand Rapids-Muskegon-Holland,MI |
|
| Current Members : |
202,199 |
Potential Members : |
3,185,760 |
| Full-time Employees : |
557 |
Part-time Employees : |
124 |
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| Credit Union Service Organizations (CUSO) List
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| Financial Fast Facts |
| Balance Sheet |
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Income Statement (ytd) |
| Total Assets | 2,731,663,450 |
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Total Interest Income | 89,956,929 |
| Total Liabilities | 259,681,235 |
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Total NonInterest Income | 112,370,325 |
| Total Shares and Deposits | 2,181,127,457 |
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Total Interest Expense | 24,099,056 |
| Total Equity | 290,854,758 |
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Total NonInterest Expense | 97,144,310 |
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| PCA Net Worth |
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Loans |
| Total Net Worth | 292,887,361 |
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Total Loans | 1,642,193,259 |
| Net Worth Ratio | 10.72 |
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Real Estate Loans | 1,236,605,370 |
| Net Worth Classification | Well Capitalized |
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Unsecured Loans | 92,772,832 |
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Number of Loans YTD | 54,391 |
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Loans Amount YTD | 3,066,300,770 |
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:· LAKE MICHIGAN CREDIT UNION
