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BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION

Sep, 30, 2021 — BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 2 branch locations and about $48.68 million in total assets. Opened 61 years ago in 1960, BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION has about 5,226 members and employs 9 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:5,226
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:$48,678,944
CEO/Manager:Aaron J Wilp
Chairperson:Jerry L Williams

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,986,162
TOTAL INVESTMENTS 16,843,447
Loans Held for Sale 0
 
 Real Estate Loans 414,226
 Unsecured Loans 369,438
 Other Loans 12,809,193
 TOTAL LOANS 13,592,857
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,171
 Land And Building 593,517
 Other Fixed Assets 49,998
 NCUSIF Deposit 376,283
 All Other Assets 244,851
  TOTAL ASSETS 48,678,944
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 65,369
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,300,377
 Regular shares 24,760,796
 All Other Shares & Deposits 7,608,790
  TOTAL SHARES & DEPOSITS 42,669,963
  TOTAL LIABILITIES 42,735,332
 Regular Reserve 1,352,376
 Other Reserves 0
 Undivided Earnings 4,591,236
  TOTAL EQUITY 5,943,612
  TOTAL LIABILITIES, SHARES, & EQUITY 48,678,944
INCOME & EXPENSE  
 Loan Income 442,559
 Investment Income 287,611
 Other Income 173,577
 Total Employee Compensation & Benefits 391,766
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 682,916
 Non-operating Income & (Expense) 6,192
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,157
 Cost of Funds 18,208
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 231,755
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