Dec, 31, 2023 — U S #1364 FEDERAL CREDIT UNION is a federal credit union headquartered in MERRILLVILLE, IN with 5 branch locations and about $191.58 million in total assets. Opened 88 years ago in 1936, U S #1364 FEDERAL CREDIT UNION has about 12,597 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | U S #1364 FEDERAL CREDIT UNION |
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Address: (Main Office) | 8400 BROADWAY MERRILLVILLE, IN 46410 |
Phone: | (219) 769-1700 |
Fax: | (219) 769-0743 |
Website: | https://www.usfederalcu.org |
Branches: | 5 branch locations |
Members: | 12,597 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1364 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $191,583,264 |
CEO/Manager: | MICHELLE L WILSON |
Chairperson: | ROBERT SARICH |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,248,255 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 50,041,104 |
Unsecured Loans | 1,336,174 |
Other Loans | 40,004,871 |
TOTAL LOANS | 91,382,149 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -489,709 |
Land And Building | 778,734 |
Other Fixed Assets | 579,685 |
NCUSIF Deposit | 1,665,630 |
All Other Assets | 0 |
TOTAL ASSETS | 191,583,264 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 278,885 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,772,342 |
Regular shares | 66,750,284 |
All Other Shares & Deposits | 82,486,623 |
TOTAL SHARES & DEPOSITS | 169,009,250 |
TOTAL LIABILITIES | 169,288,135 |
Regular Reserve | 0 |
Other Reserves | -1,512,577 |
Undivided Earnings | 23,807,706 |
TOTAL EQUITY | 22,295,129 |
TOTAL LIABILITIES, SHARES, & EQUITY | 191,583,264 |
INCOME & EXPENSE | |
Loan Income | 4,098,319 |
Investment Income | 3,069,398 |
Other Income | 1,692,461 |
Total Employee Compensation & Benefits | 2,459,111 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,855,674 |
Non-operating Income & (Expense) | 217,319 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,481 |
Cost of Funds | 2,436,394 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,801,645 |
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