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National Credit Union Service Organization

INDIANA MEMBERS CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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