Dec, 31, 2023 — FINANCIAL PARTNERS FEDERAL CREDIT UNION is a federal credit union headquartered in WOODBURN, IN with 2 branch locations and about $54.80 million in total assets. Opened 59 years ago in 1965, FINANCIAL PARTNERS FEDERAL CREDIT UNION has about 2,517 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL PARTNERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22440 Main St WOODBURN, IN 46797 |
| Phone: | (260) 632-4245 |
| Fax: | (260) 632-4109 |
| Website: | https://www.financialpartnersfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,517 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16619 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,802,836 |
| CEO/Manager: | David Shuey |
| Chairperson: | Herb Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,096,356 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,172,782 |
| Unsecured Loans | 1,402,162 |
| Other Loans | 7,840,022 |
| TOTAL LOANS | 24,414,966 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -161,570 |
| Land And Building | 872,696 |
| Other Fixed Assets | 18,864 |
| NCUSIF Deposit | 482,553 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,802,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 275,991 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,961,630 |
| Regular shares | 28,939,692 |
| All Other Shares & Deposits | 4,078,711 |
| TOTAL SHARES & DEPOSITS | 49,980,033 |
| TOTAL LIABILITIES | 50,256,024 |
| Regular Reserve | 0 |
| Other Reserves | 736,334 |
| Undivided Earnings | 3,810,478 |
| TOTAL EQUITY | 4,546,812 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,802,836 |
| INCOME & EXPENSE | |
| Loan Income | 937,552 |
| Investment Income | 573,596 |
| Other Income | 129,538 |
| Total Employee Compensation & Benefits | 635,865 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 893,810 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,900 |
| Cost of Funds | 89,089 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 286,897 |
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