Dec, 31, 2023 — PROFED FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 13 branch locations and about $689.05 million in total assets. Opened 91 years ago in 1933, PROFED FEDERAL CREDIT UNION has about 62,764 members and employs 179 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PROFED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1710 Saint Joe River Dr FORT WAYNE, IN 46805-1436 |
| Phone: | (260) 483-0514 |
| Fax: | (260) 471-2648 |
| Website: | https://www.profedcu.org |
| Branches: | 13 branch locations |
| Members: | 62,764 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17012 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $689,054,204 |
| CEO/Manager: | Konstantina G Baker |
| Chairperson: | Richard R Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 78,613,366 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 218,000 |
| Real Estate Loans | 290,339,842 |
| Unsecured Loans | 14,148,642 |
| Other Loans | 176,219,727 |
| TOTAL LOANS | 480,774,063 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,827,079 |
| Land And Building | 21,431,184 |
| Other Fixed Assets | 3,759,018 |
| NCUSIF Deposit | 5,886,445 |
| All Other Assets | 102,465 |
| TOTAL ASSETS | 689,054,204 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 172,726 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,831,807 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 148,070,684 |
| Regular shares | 262,820,385 |
| All Other Shares & Deposits | 197,373,807 |
| TOTAL SHARES & DEPOSITS | 608,264,876 |
| TOTAL LIABILITIES | 620,269,409 |
| Regular Reserve | 0 |
| Other Reserves | -1,692,995 |
| Undivided Earnings | 70,477,790 |
| TOTAL EQUITY | 68,784,795 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 689,054,204 |
| INCOME & EXPENSE | |
| Loan Income | 19,963,415 |
| Investment Income | 5,709,831 |
| Other Income | 4,050,531 |
| Total Employee Compensation & Benefits | 13,986,731 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,870,078 |
| Non-operating Income & (Expense) | -35,729 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 513,783 |
| Cost of Funds | 3,157,622 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,214,598 |
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