INDEPENDENCE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.independencefcu.com for more information.
Dec, 31, 2023 — INDEPENDENCE FEDERAL CREDIT UNION is a federal credit union headquartered in INDEPENDENCE, MO with 1 branch location and about $3.28 million in total assets. Opened 61 years ago in 1963, INDEPENDENCE FEDERAL CREDIT UNION has about 543 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INDEPENDENCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 301 W LEXINGTON AVE STE 260 INDEPENDENCE, MO 64050 |
Phone: | (816) 833-0781 |
Fax: | (816) 833-2496 |
Website: | https://www.independencefcu.com |
Branches: | 1 branch locations |
Members: | 543 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15509 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jul 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,279,308 |
CEO/Manager: | Christina L Meaney |
Chairperson: | GARY FRANKLIN |
ASSETS: | $ Amount |
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Cash & Equivalents | 950,858 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 162,284 |
Other Loans | 1,517,670 |
TOTAL LOANS | 1,679,954 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,008 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 29,993 |
All Other Assets | 0 |
TOTAL ASSETS | 3,279,308 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,110 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,997 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 716,712 |
Regular shares | 2,154,627 |
All Other Shares & Deposits | 181,176 |
TOTAL SHARES & DEPOSITS | 3,052,515 |
TOTAL LIABILITIES | 3,057,622 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 221,686 |
TOTAL EQUITY | 221,686 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,279,308 |
INCOME & EXPENSE | |
Loan Income | 72,872 |
Investment Income | 4,558 |
Other Income | 19,660 |
Total Employee Compensation & Benefits | 45,808 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 55,934 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,408 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -6,060 |
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