Dec, 31, 2023 — INDIANAPOLIS POST OFFICE CREDIT UNION is a non-federally insured state credit union headquartered in Indianapolis, IN with 1 branch location and about $51.17 million in total assets. Opened 97 years ago in 1927, INDIANAPOLIS POST OFFICE CREDIT UNION has about 3,210 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INDIANAPOLIS POST OFFICE CREDIT UNION |
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Address: (Main Office) | PO Box 724 Indianapolis, IN 46206 |
Phone: | (317) 262-1870 |
Fax: | (317) 262-1869 |
Website: | https://ipocu.org |
Branches: | 1 branch locations |
Members: | 3,210 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 82770 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1927 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,173,040 |
CEO/Manager: | Lisa M Tucker |
Chairperson: | Robin M Bankhead |
ASSETS: | $ Amount |
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Cash & Equivalents | 805,259 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,444,959 |
Other Loans | 9,704,583 |
TOTAL LOANS | 11,149,542 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,552 |
Land And Building | 0 |
Other Fixed Assets | 2,145 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 51,173,040 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,850,000 |
Accounts Payable & Other Liabilities | -63,643 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,674,821 |
Regular shares | 35,663,628 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 37,338,449 |
TOTAL LIABILITIES | 40,124,806 |
Regular Reserve | 0 |
Other Reserves | -454,340 |
Undivided Earnings | 11,502,574 |
TOTAL EQUITY | 11,048,234 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,173,040 |
INCOME & EXPENSE | |
Loan Income | 523,774 |
Investment Income | 567,084 |
Other Income | 52,759 |
Total Employee Compensation & Benefits | 730,754 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 373,193 |
Non-operating Income & (Expense) | 11,026 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 160,502 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -109,806 |
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