Dec, 31, 2023 — MT ZION INDIANAPOLIS FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 1 branch location and about $1.19 million in total assets. Opened 61 years ago in 1963, MT ZION INDIANAPOLIS FEDERAL CREDIT UNION has about 251 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MT ZION INDIANAPOLIS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3549 Boulevard Pl INDIANAPOLIS, IN 46208 |
Phone: | (317) 923-4010 |
Fax: | (317) 923-4559 |
Website: | https://www.mzbchurch.org/credit_union |
Branches: | 1 branch locations |
Members: | 251 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15757 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,188,587 |
CEO/Manager: | LeWana Britt |
Chairperson: | Doris Doggett |
ASSETS: | $ Amount |
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Cash & Equivalents | 720,153 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 34,273 |
Other Loans | 312,247 |
TOTAL LOANS | 346,520 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,947 |
Land And Building | 0 |
Other Fixed Assets | 24,294 |
NCUSIF Deposit | 7,179 |
All Other Assets | 0 |
TOTAL ASSETS | 1,188,587 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 86,774 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 688,939 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 688,939 |
TOTAL LIABILITIES | 775,713 |
Regular Reserve | 0 |
Other Reserves | 5,264 |
Undivided Earnings | 407,610 |
TOTAL EQUITY | 412,874 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,188,587 |
INCOME & EXPENSE | |
Loan Income | 23,147 |
Investment Income | 15,666 |
Other Income | 3,369 |
Total Employee Compensation & Benefits | 65,175 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,558 |
Non-operating Income & (Expense) | 102,844 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,351 |
Cost of Funds | 1,326 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,087 |
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