Dec, 31, 2023 — INDIANA MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 32 branch locations and about $2.92 billion in total assets. Opened 68 years ago in 1956, INDIANA MEMBERS CREDIT UNION has about 161,306 members and employs 426 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INDIANA MEMBERS CREDIT UNION |
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Address: (Main Office) | 5103 Madison Ave INDIANAPOLIS, IN 46227-4239 |
Phone: | (317) 788-0366 |
Fax: | (317) 784-4778 |
Website: | https://www.imcu.org |
Branches: | 32 branch locations |
Members: | 161,306 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68259 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,916,013,645 |
CEO/Manager: | John Newett |
Chairperson: | Robert E Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 83,481,467 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 789,297 |
Real Estate Loans | 1,083,059,054 |
Unsecured Loans | 55,450,485 |
Other Loans | 671,612,464 |
TOTAL LOANS | 1,811,237,900 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,642,357 |
Land And Building | 50,977,339 |
Other Fixed Assets | 9,164,899 |
NCUSIF Deposit | 23,648,281 |
All Other Assets | 493,539 |
TOTAL ASSETS | 2,916,013,645 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 50,000,000 |
Accounts Payable & Other Liabilities | 52,300,519 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 657,606,095 |
Regular shares | 574,342,883 |
All Other Shares & Deposits | 1,401,009,879 |
TOTAL SHARES & DEPOSITS | 2,632,958,857 |
TOTAL LIABILITIES | 2,735,259,376 |
Regular Reserve | 0 |
Other Reserves | -119,516,888 |
Undivided Earnings | 300,271,157 |
TOTAL EQUITY | 180,754,269 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,916,013,645 |
INCOME & EXPENSE | |
Loan Income | 85,815,272 |
Investment Income | 30,448,916 |
Other Income | 11,309,733 |
Total Employee Compensation & Benefits | 42,377,427 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 35,546,421 |
Non-operating Income & (Expense) | -461,195 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,879,827 |
Cost of Funds | 40,198,524 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 24,267,799 |
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