Dec, 31, 2023 — FINANS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, IN with 1 branch location and about $9.74 million in total assets. Opened 88 years ago in 1936, FINANS FEDERAL CREDIT UNION has about 1,759 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: | https://www.finansfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,759 |
| 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: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,744,635 |
| CEO/Manager: | Aileen Irizarry |
| Chairperson: | James Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 719,049 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 425,735 |
| Unsecured Loans | 274,628 |
| Other Loans | 1,730,637 |
| TOTAL LOANS | 2,469,200 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,637 |
| Land And Building | 83,587 |
| Other Fixed Assets | 267 |
| NCUSIF Deposit | 90,426 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,744,635 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,885 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 886,950 |
| Regular shares | 5,849,127 |
| All Other Shares & Deposits | 1,961,354 |
| TOTAL SHARES & DEPOSITS | 8,697,432 |
| TOTAL LIABILITIES | 8,754,317 |
| Regular Reserve | 0 |
| Other Reserves | 622,064 |
| Undivided Earnings | 368,254 |
| TOTAL EQUITY | 990,318 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,744,635 |
| INCOME & EXPENSE | |
| Loan Income | 170,293 |
| Investment Income | 167,447 |
| Other Income | 119,353 |
| Total Employee Compensation & Benefits | 189,857 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 244,419 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,873 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,859 |
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