Dec, 31, 2023 — CROSSROADS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, IN with 4 branch locations and about $87.78 million in total assets. Opened 74 years ago in 1950, CROSSROADS FINANCIAL FEDERAL CREDIT UNION has about 9,229 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CROSSROADS FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1102 W Votaw ST PORTLAND, IN 47371 |
Phone: | (260) 726-2142 |
Fax: | (260) 726-6846 |
Website: | https://www.crossroadsfcu.org |
Branches: | 4 branch locations |
Members: | 9,229 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7002 |
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Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $87,776,149 |
CEO/Manager: | Donald C Gillespie |
Chairperson: | Joday Auker |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,190,438 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,863,025 |
Unsecured Loans | 1,713,904 |
Other Loans | 19,095,451 |
TOTAL LOANS | 38,672,380 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -294,643 |
Land And Building | 888,372 |
Other Fixed Assets | 82,171 |
NCUSIF Deposit | 755,030 |
All Other Assets | 2,800 |
TOTAL ASSETS | 87,776,149 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 119 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,202,317 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,008,084 |
Regular shares | 46,251,965 |
All Other Shares & Deposits | 10,544,107 |
TOTAL SHARES & DEPOSITS | 76,804,156 |
TOTAL LIABILITIES | 78,006,592 |
Regular Reserve | 0 |
Other Reserves | 14,325 |
Undivided Earnings | 9,755,232 |
TOTAL EQUITY | 9,769,557 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,776,149 |
INCOME & EXPENSE | |
Loan Income | 2,348,665 |
Investment Income | 934,735 |
Other Income | 385,356 |
Total Employee Compensation & Benefits | 1,446,727 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,332,731 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,914 |
Cost of Funds | 412,369 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,239,315 |
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