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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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