Jun, 30, 2024 — AFENA FEDERAL CREDIT UNION is a federal credit union headquartered in MARION, IN with 3 branch locations and about $91.19 million in total assets. Opened 67 years ago in 1958, AFENA FEDERAL CREDIT UNION has about 8,180 members and employs 30 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: | 8,180 |
| 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: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,187,889 |
| CEO/Manager: | Karen Madry |
| Chairperson: | Nathan McNeely |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,625,118 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,495,882 |
| Unsecured Loans | 7,991,004 |
| Other Loans | 36,612,339 |
| TOTAL LOANS | 61,099,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -865,467 |
| Land And Building | 1,802,169 |
| Other Fixed Assets | 2,759,705 |
| NCUSIF Deposit | 691,958 |
| All Other Assets | 0 |
| TOTAL ASSETS | 91,187,889 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35,630 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,802,388 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,800,000 |
| Share Drafts | 11,211,334 |
| Regular shares | 34,477,184 |
| All Other Shares & Deposits | 32,762,054 |
| TOTAL SHARES & DEPOSITS | 78,450,572 |
| TOTAL LIABILITIES | 83,088,590 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,099,299 |
| TOTAL EQUITY | 8,099,299 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,187,889 |
| INCOME & EXPENSE | |
| Loan Income | 2,113,463 |
| Investment Income | 140,178 |
| Other Income | 839,293 |
| Total Employee Compensation & Benefits | 1,302,366 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,511,568 |
| Non-operating Income & (Expense) | -70,885 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 341,541 |
| Cost of Funds | 278,986 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 327,442 |
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