Dec, 31, 2023 — DEL MET FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 1 branch location and about $8.86 million in total assets. Opened 55 years ago in 1969, DEL MET FEDERAL CREDIT UNION has about 982 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEL MET FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8000 N State Road 3 MUNCIE, IN 47303-9408 |
| Phone: | (765) 289-5554 |
| Fax: | (765) 288-9461 |
| Website: | https://www.delmetfcu.com |
| Branches: | 1 branch locations |
| Members: | 982 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19390 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,857,365 |
| CEO/Manager: | Larry Manet |
| Chairperson: | James Vellenga |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 461,784 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 232,235 |
| Other Loans | 1,850,688 |
| TOTAL LOANS | 2,082,923 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,263 |
| Land And Building | 43,969 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 82,642 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,857,365 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,523 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,527,828 |
| Regular shares | 5,431,236 |
| All Other Shares & Deposits | 481,849 |
| TOTAL SHARES & DEPOSITS | 7,440,913 |
| TOTAL LIABILITIES | 7,454,436 |
| Regular Reserve | 0 |
| Other Reserves | 276,970 |
| Undivided Earnings | 1,125,959 |
| TOTAL EQUITY | 1,402,929 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,857,365 |
| INCOME & EXPENSE | |
| Loan Income | 74,543 |
| Investment Income | 106,368 |
| Other Income | 2,672 |
| Total Employee Compensation & Benefits | 154,538 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 132,312 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,679 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -137,669 |
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