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BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION

Mar, 31, 2022 — BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 2 branch locations and about $50.39 million in total assets. Opened 62 years ago in 1960, BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION has about 4,811 members and employs 12 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:4,811
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$50,386,995
CEO/Manager:Aaron J Wilp
Chairperson:Roberta L Mullins

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,729,639
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 385,322
 Unsecured Loans 349,879
 Other Loans 14,146,180
 TOTAL LOANS 14,881,381
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,598
 Land And Building 584,739
 Other Fixed Assets 62,606
 NCUSIF Deposit 376,283
 All Other Assets 0
  TOTAL ASSETS 50,386,995
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 60,111
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,780,712
 Regular shares 25,564,980
 All Other Shares & Deposits 7,944,425
  TOTAL SHARES & DEPOSITS 44,290,117
  TOTAL LIABILITIES 44,350,228
 Regular Reserve 0
 Other Reserves 1,352,376
 Undivided Earnings 4,684,391
  TOTAL EQUITY 6,036,767
  TOTAL LIABILITIES, SHARES, & EQUITY 50,386,995
INCOME & EXPENSE  
 Loan Income 134,610
 Investment Income 82,302
 Other Income 61,354
 Total Employee Compensation & Benefits 126,922
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 187,916
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,452
 Cost of Funds 5,409
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 73,384
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