Dec, 31, 2023 — ENCOMPASS FEDERAL CREDIT UNION is a federal credit union headquartered in TIPTON, IN with 4 branch locations and about $272.37 million in total assets. Opened 71 years ago in 1953, ENCOMPASS FEDERAL CREDIT UNION has about 17,164 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ENCOMPASS FEDERAL CREDIT UNION |
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Address: (Main Office) | 221 N Main St TIPTON, IN 46072-1636 |
Phone: | (800) 675-8852 |
Fax: | (765) 675-1183 |
Website: | https://www.encompasscu.org |
Branches: | 4 branch locations |
Members: | 17,164 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8548 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $272,366,213 |
CEO/Manager: | Matthew R Lambert |
Chairperson: | Gregory M Sottong |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,977,825 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 92,877,029 |
Unsecured Loans | 9,345,955 |
Other Loans | 118,112,281 |
TOTAL LOANS | 221,934,666 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,585,348 |
Land And Building | 10,253,203 |
Other Fixed Assets | 617,004 |
NCUSIF Deposit | 2,229,170 |
All Other Assets | 0 |
TOTAL ASSETS | 272,366,213 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 17,000,000 |
Accounts Payable & Other Liabilities | 1,898,668 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,217,263 |
Regular shares | 73,240,794 |
All Other Shares & Deposits | 119,556,021 |
TOTAL SHARES & DEPOSITS | 233,014,078 |
TOTAL LIABILITIES | 251,912,746 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 20,453,467 |
TOTAL EQUITY | 20,453,467 |
TOTAL LIABILITIES, SHARES, & EQUITY | 272,366,213 |
INCOME & EXPENSE | |
Loan Income | 13,102,342 |
Investment Income | 569,337 |
Other Income | 1,694,123 |
Total Employee Compensation & Benefits | 4,867,760 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,899,564 |
Non-operating Income & (Expense) | 5,303 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,832,712 |
Cost of Funds | 4,600,312 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,368,956 |
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