BALL STATE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.bsfcu.com for more information.
Dec, 31, 2023 — BALL STATE FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 2 branch locations and about $100.45 million in total assets. Opened 68 years ago in 1956, BALL STATE FEDERAL CREDIT UNION has about 11,040 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BALL STATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O BOX 1949 MUNCIE, IN 47308-1949 |
| Phone: | (765) 741-2728 |
| Fax: | (765) 741-2737 |
| Website: | https://www.bsfcu.com |
| Branches: | 2 branch locations |
| Members: | 11,040 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11103 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $100,446,666 |
| CEO/Manager: | Carl R Glassburn |
| Chairperson: | Randy J Sollars |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,679,868 |
| TOTAL INVESTMENTS | 9,684,431 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,607,590 |
| Unsecured Loans | 3,097,181 |
| Other Loans | 30,735,014 |
| TOTAL LOANS | 58,439,785 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -521,673 |
| Land And Building | 1,175,607 |
| Other Fixed Assets | 348,060 |
| NCUSIF Deposit | 808,138 |
| All Other Assets | 832,450 |
| TOTAL ASSETS | 100,446,666 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 639,266 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,030,558 |
| Regular shares | 60,432,971 |
| All Other Shares & Deposits | 13,647,820 |
| TOTAL SHARES & DEPOSITS | 94,111,349 |
| TOTAL LIABILITIES | 94,750,615 |
| Regular Reserve | 1,969,176 |
| Other Reserves | 35,278 |
| Undivided Earnings | 3,691,597 |
| TOTAL EQUITY | 5,696,051 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,446,666 |
| INCOME & EXPENSE | |
| Loan Income | 1,883,978 |
| Investment Income | 276,934 |
| Other Income | 839,632 |
| Total Employee Compensation & Benefits | 1,413,461 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,448,647 |
| Non-operating Income & (Expense) | -19,523 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,543 |
| Cost of Funds | 129,415 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -35,045 |
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