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FINANS FEDERAL CREDIT UNION

Mar, 31, 2021 — FINANS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, IN with 1 branch location and about $10.19 million in total assets. Opened 85 years ago in 1936, FINANS FEDERAL CREDIT UNION has about 1,780 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FINANS FEDERAL CREDIT UNION
Address:
(Main Office)
7017 KENNEDY AVE
HAMMOND, IN 46323
Phone:(219) 844-3125
Fax:(219) 844-2540
Website:http://www.finansfcu.org
Branches:1 branch locations
Members:1,780
Credit Union Type:Federal Credit Union
Charter Number:1457
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,193,599
CEO/Manager:Aileen Irizarry
Chairperson:Michael E Rader

Call Report

  • Credit Builder
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,877,476
TOTAL INVESTMENTS 5,640,248
Loans Held for Sale 0
 
 Real Estate Loans 516,227
 Unsecured Loans 466,581
 Other Loans 1,455,562
 TOTAL LOANS 2,464,067
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,349
 Land And Building 114,826
 Other Fixed Assets 2,235
 NCUSIF Deposit 78,295
 All Other Assets 57,801
  TOTAL ASSETS 10,193,599
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 44,458
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,034,056
 Regular shares 6,222,017
 All Other Shares & Deposits 1,919,451
  TOTAL SHARES & DEPOSITS 9,175,524
  TOTAL LIABILITIES 9,219,982
 Regular Reserve 444,842
 Other Reserves 177,222
 Undivided Earnings 351,553
  TOTAL EQUITY 973,617
  TOTAL LIABILITIES, SHARES, & EQUITY 10,193,599
INCOME & EXPENSE  
 Loan Income 42,841
 Investment Income 21,231
 Other Income 23,963
 Total Employee Compensation & Benefits 42,071
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 55,946
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 975
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,687
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