Sep, 30, 2025 — BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 2 branch locations and about $44.87 million in total assets. Opened 66 years ago in 1960, BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION has about 3,955 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: | https://www.busindcu.com |
| Branches: | 2 branch locations |
| Members: | 3,955 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,868,887 |
| CEO/Manager: | Aaron J Wilp |
| Chairperson: | Roberta L Mullins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,847,160 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 755,237 |
| Unsecured Loans | 423,104 |
| Other Loans | 15,192,229 |
| TOTAL LOANS | 16,370,570 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,616 |
| Land And Building | 641,502 |
| Other Fixed Assets | 121,935 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 349,566 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,868,887 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,147 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,808 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,588,886 |
| Regular shares | 22,675,722 |
| All Other Shares & Deposits | 4,810,497 |
| TOTAL SHARES & DEPOSITS | 37,075,106 |
| TOTAL LIABILITIES | 37,159,061 |
| Regular Reserve | 0 |
| Other Reserves | 1,352,376 |
| Undivided Earnings | 6,357,450 |
| TOTAL EQUITY | 7,709,826 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,868,887 |
| INCOME & EXPENSE | |
| Loan Income | 611,595 |
| Investment Income | 649,387 |
| Other Income | 179,964 |
| Total Employee Compensation & Benefits | 512,261 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 587,757 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,676 |
| Cost of Funds | 52,405 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 445,377 |
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