Dec, 31, 2023 — ALLEGIUS FEDERAL CREDIT UNION is a federal credit union headquartered in BURNS HARBOR, IN with 4 branch locations and about $184.31 million in total assets. Opened 58 years ago in 1966, ALLEGIUS FEDERAL CREDIT UNION has about 12,920 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLEGIUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 244 Allegius Dr BURNS HARBOR, IN 46304 |
| Phone: | (219) 787-8049 |
| Fax: | (219) 787-9580 |
| Website: | https://allegius.org |
| Branches: | 4 branch locations |
| Members: | 12,920 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17389 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $184,305,980 |
| CEO/Manager: | Kenneth Zagrocki |
| Chairperson: | Bruce Aubrey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,059,823 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,761,952 |
| Unsecured Loans | 14,746,101 |
| Other Loans | 77,657,468 |
| TOTAL LOANS | 102,165,521 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,834,462 |
| Land And Building | 1,007,551 |
| Other Fixed Assets | 292,203 |
| NCUSIF Deposit | 1,721,053 |
| All Other Assets | 153,074 |
| TOTAL ASSETS | 184,305,980 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,301 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,398,706 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,869,899 |
| Regular shares | 82,300,036 |
| All Other Shares & Deposits | 57,963,098 |
| TOTAL SHARES & DEPOSITS | 169,133,033 |
| TOTAL LIABILITIES | 170,533,040 |
| Regular Reserve | 0 |
| Other Reserves | -7,593,464 |
| Undivided Earnings | 21,366,404 |
| TOTAL EQUITY | 13,772,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 184,305,980 |
| INCOME & EXPENSE | |
| Loan Income | 6,308,869 |
| Investment Income | 1,666,086 |
| Other Income | 750,116 |
| Total Employee Compensation & Benefits | 3,514,675 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,090,217 |
| Non-operating Income & (Expense) | -97,479 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 700,000 |
| Cost of Funds | 459,412 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,607,945 |
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