Dec, 31, 2023 — INDIANA UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in BLOOMINGTON, IN with 8 branch locations and about $1.67 billion in total assets. Opened 68 years ago in 1956, INDIANA UNIVERSITY CREDIT UNION has about 69,494 members and employs 212 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 UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 E Winslow Rd BLOOMINGTON, IN 47401 |
| Phone: | (812) 855-7823 |
| Fax: | |
| Website: | https://www.iucu.org |
| Branches: | 8 branch locations |
| Members: | 69,494 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68577 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,671,616,966 |
| CEO/Manager: | Bryan Price |
| Chairperson: | Doris Sims |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 110,616,245 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 897,788,141 |
| Unsecured Loans | 27,243,635 |
| Other Loans | 337,360,006 |
| TOTAL LOANS | 1,266,680,831 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,245,000 |
| Land And Building | 13,563,711 |
| Other Fixed Assets | 4,363,406 |
| NCUSIF Deposit | 11,885,378 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,671,616,966 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 150,000,000 |
| Accounts Payable & Other Liabilities | 17,568,989 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 227,372,529 |
| Regular shares | 309,821,394 |
| All Other Shares & Deposits | 775,029,894 |
| TOTAL SHARES & DEPOSITS | 1,312,223,817 |
| TOTAL LIABILITIES | 1,480,094,841 |
| Regular Reserve | 0 |
| Other Reserves | 64,028,795 |
| Undivided Earnings | 127,493,330 |
| TOTAL EQUITY | 191,522,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,671,616,966 |
| INCOME & EXPENSE | |
| Loan Income | 54,437,181 |
| Investment Income | 7,898,938 |
| Other Income | 3,385,315 |
| Total Employee Compensation & Benefits | 20,101,812 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,733,489 |
| Non-operating Income & (Expense) | 270,915 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,432,940 |
| Cost of Funds | 24,948,147 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,944,121 |
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