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 |
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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 |
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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 |
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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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