Dec, 31, 2023 — NORTHERN INDIANA FEDERAL CREDIT UNION is a federal credit union headquartered in MERRILLVILLE, IN with 2 branch locations and about $39.03 million in total assets. Opened 89 years ago in 1935, NORTHERN INDIANA FEDERAL CREDIT UNION has about 5,782 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHERN INDIANA FEDERAL CREDIT UNION |
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Address: (Main Office) | 8121 Grand Blvd MERRILLVILLE, IN 46410 |
Phone: | (219) 942-3377 |
Fax: | (219) 947-5099 |
Website: | https://www.nifedcu.org |
Branches: | 2 branch locations |
Members: | 5,782 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 168 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,025,896 |
CEO/Manager: | Christine C Biasi |
Chairperson: | Vernon Beck |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,100,438 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,973,893 |
Unsecured Loans | 547,925 |
Other Loans | 17,665,652 |
TOTAL LOANS | 25,187,471 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,570 |
Land And Building | 435,653 |
Other Fixed Assets | 420,063 |
NCUSIF Deposit | 359,007 |
All Other Assets | 0 |
TOTAL ASSETS | 39,025,896 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 31 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 133,309 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,057,533 |
Regular shares | 25,525,671 |
All Other Shares & Deposits | 4,085,341 |
TOTAL SHARES & DEPOSITS | 35,668,545 |
TOTAL LIABILITIES | 35,801,885 |
Regular Reserve | 0 |
Other Reserves | 1,198,044 |
Undivided Earnings | 2,025,967 |
TOTAL EQUITY | 3,224,011 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,025,896 |
INCOME & EXPENSE | |
Loan Income | 1,161,896 |
Investment Income | 249,841 |
Other Income | 187,689 |
Total Employee Compensation & Benefits | 745,384 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 820,711 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,720 |
Cost of Funds | 72,102 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 142,651 |
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