Jun, 30, 2024 — BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 2 branch locations and about $48.77 million in total assets. Opened 64 years ago in 1960, BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION has about 4,667 members and employs 11 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: | https://www.busindcu.com |
| Branches: | 2 branch locations |
| Members: | 4,667 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,773,226 |
| CEO/Manager: | Aaron J Wilp |
| Chairperson: | Roberta L Mullins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,335,860 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 537,611 |
| Unsecured Loans | 397,570 |
| Other Loans | 14,298,057 |
| TOTAL LOANS | 15,233,238 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,790 |
| Land And Building | 575,961 |
| Other Fixed Assets | 48,910 |
| NCUSIF Deposit | 420,003 |
| All Other Assets | 0 |
| TOTAL ASSETS | 48,773,226 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 62,687 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,600,770 |
| Regular shares | 24,932,548 |
| All Other Shares & Deposits | 8,022,620 |
| TOTAL SHARES & DEPOSITS | 42,555,938 |
| TOTAL LIABILITIES | 42,618,625 |
| Regular Reserve | 0 |
| Other Reserves | 1,352,376 |
| Undivided Earnings | 4,802,225 |
| TOTAL EQUITY | 6,154,601 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,773,226 |
| INCOME & EXPENSE | |
| Loan Income | 418,016 |
| Investment Income | 338,461 |
| Other Income | 184,144 |
| Total Employee Compensation & Benefits | 399,820 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 557,370 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,151 |
| Cost of Funds | 16,617 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 191,218 |
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