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BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION

Mar, 31, 2021 — BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 2 branch locations and about $48.83 million in total assets. Opened 61 years ago in 1960, BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION has about 5,373 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION
Address:
(Main Office)
740 N MARR RD
COLUMBUS, IN 47201
Phone:(812) 372-6091
Fax:(812) 372-6093
Website:http://www.busindcu.com
Branches:2 branch locations
Members:5,373
Credit Union Type:Federal Credit Union
Charter Number:13940
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$48,829,462
CEO/Manager:Aaron J Wilp
Chairperson:Jerry L Williams

Call Report

  • Commercial Loans
  • Credit Builder
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,511,036
TOTAL INVESTMENTS 18,012,447
Loans Held for Sale 0
 
 Real Estate Loans 583,372
 Unsecured Loans 376,131
 Other Loans 13,984,616
 TOTAL LOANS 14,944,119
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,820
 Land And Building 602,295
 Other Fixed Assets 69,082
 NCUSIF Deposit 323,432
 All Other Assets 374,871
  TOTAL ASSETS 48,829,462
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 72,744
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,136,327
 Regular shares 24,134,403
 All Other Shares & Deposits 7,727,774
  TOTAL SHARES & DEPOSITS 42,998,504
  TOTAL LIABILITIES 43,071,248
 Regular Reserve 1,352,376
 Other Reserves 0
 Undivided Earnings 4,405,838
  TOTAL EQUITY 5,758,214
  TOTAL LIABILITIES, SHARES, & EQUITY 48,829,462
INCOME & EXPENSE  
 Loan Income 144,823
 Investment Income 95,564
 Other Income 51,680
 Total Employee Compensation & Benefits 121,448
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 187,553
 Non-operating Income & (Expense) 6,192
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,020
 Cost of Funds 7,426
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 46,356
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