Dec, 31, 2023 — CRANE CREDIT UNION is a federally insured state chartered credit union headquartered in ODON, IN with 19 branch locations and about $1.04 billion in total assets. Opened 69 years ago in 1955, CRANE CREDIT UNION has about 68,114 members and employs 202 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CRANE CREDIT UNION |
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Address: (Main Office) | 1 W Gate Dr ODON, IN 47562 |
Phone: | (812) 863-7000 |
Fax: | (812) 863-7010 |
Website: | https://www.cranecu.org |
Branches: | 19 branch locations |
Members: | 68,114 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68672 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,038,214,656 |
CEO/Manager: | Kevin L Sparks |
Chairperson: | Gary E Gray, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 88,982,478 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,384,119 |
Real Estate Loans | 416,190,454 |
Unsecured Loans | 31,146,307 |
Other Loans | 298,575,189 |
TOTAL LOANS | 745,911,951 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,180,289 |
Land And Building | 9,567,291 |
Other Fixed Assets | 2,167,844 |
NCUSIF Deposit | 7,501,448 |
All Other Assets | 545,072 |
TOTAL ASSETS | 1,038,214,656 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 182 |
Notes & Interest Payable | 126,077,948 |
Accounts Payable & Other Liabilities | 139,463 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 222,937,045 |
Regular shares | 338,419,873 |
All Other Shares & Deposits | 251,891,461 |
TOTAL SHARES & DEPOSITS | 813,248,379 |
TOTAL LIABILITIES | 939,986,793 |
Regular Reserve | 0 |
Other Reserves | 15,099,220 |
Undivided Earnings | 83,128,643 |
TOTAL EQUITY | 98,227,863 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,038,214,656 |
INCOME & EXPENSE | |
Loan Income | 35,319,966 |
Investment Income | 6,529,803 |
Other Income | 2,977,843 |
Total Employee Compensation & Benefits | 13,987,779 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,562,717 |
Non-operating Income & (Expense) | 15,717 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,379,624 |
Cost of Funds | 10,054,672 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,764,900 |
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