INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.indynewsfcu.com for more information.
Jun, 30, 2024 — INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION is a federal credit union headquartered in Indianapolis, IN with 1 branch location and about $6.28 million in total assets. Opened 63 years ago in 1961, INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION has about 1,143 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 126 S Meridian Street Indianapolis, IN 46225-1046 |
| Phone: | (317) 870-1002 |
| Fax: | (317) 653-1804 |
| Website: | https://www.indynewsfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,143 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14735 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,284,135 |
| CEO/Manager: | Credit Union Liquidated |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,915,780 |
| TOTAL INVESTMENTS | 207,676 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,498,353 |
| Other Loans | 2,894,563 |
| TOTAL LOANS | 4,392,916 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -389,980 |
| Land And Building | 80,815 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 57,904 |
| All Other Assets | 19,024 |
| TOTAL ASSETS | 6,284,135 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 86 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,612,141 |
| Regular shares | 2,911,491 |
| All Other Shares & Deposits | 2,271,388 |
| TOTAL SHARES & DEPOSITS | 6,795,020 |
| TOTAL LIABILITIES | 6,795,106 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | -510,971 |
| TOTAL EQUITY | -510,971 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,284,135 |
| INCOME & EXPENSE | |
| Loan Income | 50,220 |
| Investment Income | 1,550 |
| Other Income | 9,484 |
| Total Employee Compensation & Benefits | 57,901 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 116,528 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 129,277 |
| Cost of Funds | 13,361 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -255,813 |
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