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INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION

Dec, 31, 2020 — INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION is a federal credit union headquartered in Indianapolis, IN with 1 branch location and about $6.40 million in total assets. Opened 60 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:http://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:$6,398,884
CEO/Manager:Barbara Wisowaty
Chairperson:

Call Report

  • Overdraft Lines of Credit
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,352,713
TOTAL INVESTMENTS 207,676
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,656,135
 Other Loans 3,358,933
 TOTAL LOANS 5,015,068
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -384,645
 Land And Building 83,039
 Other Fixed Assets 5,720
 NCUSIF Deposit 57,904
 All Other Assets 61,409
  TOTAL ASSETS 6,398,884
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,692
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 642,538
 Regular shares 3,669,851
 All Other Shares & Deposits 2,343,322
  TOTAL SHARES & DEPOSITS 6,655,711
  TOTAL LIABILITIES 6,657,403
 Regular Reserve 0
 Other Reserves -258,519
 Undivided Earnings 0
  TOTAL EQUITY -258,519
  TOTAL LIABILITIES, SHARES, & EQUITY 6,398,884
INCOME & EXPENSE  
 Loan Income 382,234
 Investment Income 6,020
 Other Income 42,964
 Total Employee Compensation & Benefits 212,975
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 423,130
 Non-operating Income & (Expense) 17,172
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 741,068
 Cost of Funds 62,153
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -990,936
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