Dec, 31, 2023 — THRIVE FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 3 branch locations and about $92.27 million in total assets. Opened 84 years ago in 1940, THRIVE FEDERAL CREDIT UNION has about 7,900 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THRIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4501 S Delaware Dr MUNCIE, IN 47302-9405 |
| Phone: | (765) 284-1015 |
| Fax: | (765) 284-2542 |
| Website: | https://www.thrivecu.org |
| Branches: | 3 branch locations |
| Members: | 7,900 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3631 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $92,273,364 |
| CEO/Manager: | Brett A Rinker |
| Chairperson: | Gary H Niccum |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,275,498 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,806,923 |
| Unsecured Loans | 4,496,508 |
| Other Loans | 26,596,847 |
| TOTAL LOANS | 56,900,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -370,735 |
| Land And Building | 2,832,279 |
| Other Fixed Assets | 360,010 |
| NCUSIF Deposit | 751,963 |
| All Other Assets | 0 |
| TOTAL ASSETS | 92,273,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 154,478 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 746,138 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,264,237 |
| Regular shares | 33,135,911 |
| All Other Shares & Deposits | 34,785,075 |
| TOTAL SHARES & DEPOSITS | 82,185,223 |
| TOTAL LIABILITIES | 83,085,839 |
| Regular Reserve | 0 |
| Other Reserves | -1,007,222 |
| Undivided Earnings | 10,194,747 |
| TOTAL EQUITY | 9,187,525 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 92,273,364 |
| INCOME & EXPENSE | |
| Loan Income | 3,325,663 |
| Investment Income | 622,257 |
| Other Income | 1,249,376 |
| Total Employee Compensation & Benefits | 1,748,711 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,810,976 |
| Non-operating Income & (Expense) | 122,512 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 321,729 |
| Cost of Funds | 1,058,187 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 760,922 |
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