Dec, 31, 2023 — REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, IN with 3 branch locations and about $179.14 million in total assets. Opened 62 years ago in 1962, REGIONAL FEDERAL CREDIT UNION has about 24,544 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | REGIONAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 7144 Kennedy Ave HAMMOND, IN 46323-2225 |
Phone: | (219) 548-6800 |
Fax: | (219) 844-2916 |
Website: | https://www.regionalfcu.org |
Branches: | 3 branch locations |
Members: | 24,544 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15072 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $179,141,521 |
CEO/Manager: | Jill R Banning |
Chairperson: | Bobbie Escalante |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,103,369 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,397,866 |
Unsecured Loans | 14,270,863 |
Other Loans | 52,376,404 |
TOTAL LOANS | 106,080,144 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -753,491 |
Land And Building | 3,456,620 |
Other Fixed Assets | 1,560,045 |
NCUSIF Deposit | 1,522,979 |
All Other Assets | 62,419 |
TOTAL ASSETS | 179,141,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 464,205 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,260,554 |
Regular shares | 38,288,700 |
All Other Shares & Deposits | 96,915,387 |
TOTAL SHARES & DEPOSITS | 160,464,641 |
TOTAL LIABILITIES | 160,928,846 |
Regular Reserve | 0 |
Other Reserves | -3,105,604 |
Undivided Earnings | 21,318,279 |
TOTAL EQUITY | 18,212,675 |
TOTAL LIABILITIES, SHARES, & EQUITY | 179,141,521 |
INCOME & EXPENSE | |
Loan Income | 5,080,488 |
Investment Income | 2,348,476 |
Other Income | 1,402,934 |
Total Employee Compensation & Benefits | 2,761,560 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,095,852 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 525,040 |
Cost of Funds | 1,031,944 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,063,844 |
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