Dec, 31, 2023 — AFENA FEDERAL CREDIT UNION is a federal credit union headquartered in MARION, IN with 3 branch locations and about $97.81 million in total assets. Opened 66 years ago in 1958, AFENA FEDERAL CREDIT UNION has about 8,672 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AFENA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 935 N Baldwin Ave MARION, IN 46952 |
| Phone: | (765) 664-8089 |
| Fax: | (765) 668-4331 |
| Website: | https://www.afenafcu.org |
| Branches: | 3 branch locations |
| Members: | 8,672 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12153 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,814,718 |
| CEO/Manager: | Karen Madry |
| Chairperson: | Michael L Crawford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,074,415 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,698,166 |
| Unsecured Loans | 9,938,039 |
| Other Loans | 44,567,266 |
| TOTAL LOANS | 70,203,472 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -971,207 |
| Land And Building | 5,462,331 |
| Other Fixed Assets | 1,388,083 |
| NCUSIF Deposit | 799,418 |
| All Other Assets | 67,070 |
| TOTAL ASSETS | 97,814,718 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60,663 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 655,553 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,800,000 |
| Share Drafts | 11,233,720 |
| Regular shares | 31,687,097 |
| All Other Shares & Deposits | 42,937,407 |
| TOTAL SHARES & DEPOSITS | 85,858,223 |
| TOTAL LIABILITIES | 89,378,791 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,435,927 |
| TOTAL EQUITY | 8,435,927 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,814,718 |
| INCOME & EXPENSE | |
| Loan Income | 3,703,975 |
| Investment Income | 316,702 |
| Other Income | 1,215,908 |
| Total Employee Compensation & Benefits | 2,079,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,508,284 |
| Non-operating Income & (Expense) | 84,820 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 567,486 |
| Cost of Funds | 1,003,291 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -30,403 |
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