Dec, 31, 2023 — INDIANHEAD CREDIT UNION is a federally insured state chartered credit union headquartered in SPOONER, WI with 3 branch locations and about $91.41 million in total assets. Opened 63 years ago in 1961, INDIANHEAD CREDIT UNION has about 7,034 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDIANHEAD CREDIT UNION |
|---|---|
| Address: (Main Office) | 104 E MAPLE ST SPOONER, WI 54801-1482 |
| Phone: | (715) 635-8273 |
| Fax: | (715) 635-6913 |
| Website: | https://www.indianheadcu.org |
| Branches: | 3 branch locations |
| Members: | 7,034 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66434 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $91,407,731 |
| CEO/Manager: | DALE GOTTSCHALK |
| Chairperson: | MICHAEL OSTRENGA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,388,763 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,789,970 |
| Unsecured Loans | 334,733 |
| Other Loans | 28,148,853 |
| TOTAL LOANS | 49,040,514 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,789 |
| Land And Building | 1,276,305 |
| Other Fixed Assets | 162,969 |
| NCUSIF Deposit | 807,545 |
| All Other Assets | 16,400 |
| TOTAL ASSETS | 91,407,731 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,278 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,984,666 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,125,117 |
| Regular shares | 45,820,325 |
| All Other Shares & Deposits | 13,590,775 |
| TOTAL SHARES & DEPOSITS | 79,536,218 |
| TOTAL LIABILITIES | 81,530,632 |
| Regular Reserve | 0 |
| Other Reserves | 173,884 |
| Undivided Earnings | 9,703,215 |
| TOTAL EQUITY | 9,877,099 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,407,731 |
| INCOME & EXPENSE | |
| Loan Income | 2,420,364 |
| Investment Income | 1,679,007 |
| Other Income | 585,459 |
| Total Employee Compensation & Benefits | 1,141,100 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,162,644 |
| Non-operating Income & (Expense) | 3,484 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,876 |
| Cost of Funds | 349,521 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,043,747 |
| ↑ Back to Top | |