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FINANS FEDERAL CREDIT UNION

Dec, 31, 2020 — FINANS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, IN with 1 branch location and about $9.70 million in total assets. Opened 85 years ago in 1936, FINANS FEDERAL CREDIT UNION has about 1,792 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:1,792
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:$9,699,576
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 1,215,792
TOTAL INVESTMENTS 5,688,290
Loans Held for Sale 0
 
 Real Estate Loans 499,354
 Unsecured Loans 538,424
 Other Loans 1,513,935
 TOTAL LOANS 2,579,471
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,149
 Land And Building 118,138
 Other Fixed Assets 2,587
 NCUSIF Deposit 78,295
 All Other Assets 58,152
  TOTAL ASSETS 9,699,576
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 31,428
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 959,283
 Regular shares 5,890,718
 All Other Shares & Deposits 1,835,843
  TOTAL SHARES & DEPOSITS 8,685,844
  TOTAL LIABILITIES 8,717,272
 Regular Reserve 444,842
 Other Reserves 177,222
 Undivided Earnings 360,240
  TOTAL EQUITY 982,304
  TOTAL LIABILITIES, SHARES, & EQUITY 9,699,576
INCOME & EXPENSE  
 Loan Income 170,739
 Investment Income 107,235
 Other Income 106,231
 Total Employee Compensation & Benefits 172,693
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 216,044
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,297
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,829
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