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INDIANAPOLIS' NEWSPAPER FEDERAL CREDIT UNION

Mar, 31, 2021 — 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 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:$6,284,135
CEO/Manager:Credit Union Liquidated
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 1,915,780
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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