Dec, 31, 2020 — AFENA FEDERAL CREDIT UNION is a federal credit union headquartered in Marion, IN with 3 branch locations and about $72.98 million in total assets. Opened 63 years ago in 1958, AFENA FEDERAL CREDIT UNION has about 7,859 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AFENA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 424 N Bradner Ave Marion, IN 46952-3336 |
| Phone: | (765) 664-8089 |
| Fax: | (765) 668-4331 |
| Website: | https://www.afenafcu.org |
| Branches: | 3 branch locations |
| Members: | 7,859 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12153 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Aug 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $72,976,028 |
| CEO/Manager: | Karen Madry |
| Chairperson: | David Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,471,266 |
| TOTAL INVESTMENTS | 10,462,611 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,938,094 |
| Unsecured Loans | 5,545,279 |
| Other Loans | 29,407,353 |
| TOTAL LOANS | 49,890,726 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -650,228 |
| Land And Building | 1,663,301 |
| Other Fixed Assets | 884,931 |
| NCUSIF Deposit | 609,003 |
| All Other Assets | 2,644,418 |
| TOTAL ASSETS | 72,976,028 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44,346 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 526,051 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,430,809 |
| Regular shares | 27,445,493 |
| All Other Shares & Deposits | 27,902,024 |
| TOTAL SHARES & DEPOSITS | 65,778,326 |
| TOTAL LIABILITIES | 66,348,723 |
| Regular Reserve | 1,462,573 |
| Other Reserves | 0 |
| Undivided Earnings | 5,164,732 |
| TOTAL EQUITY | 6,627,305 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,976,028 |
| INCOME & EXPENSE | |
| Loan Income | 2,682,551 |
| Investment Income | 143,032 |
| Other Income | 1,498,653 |
| Total Employee Compensation & Benefits | 1,450,104 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,780,978 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 305,419 |
| Cost of Funds | 496,573 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 291,162 |
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