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MT ZION INDIANAPOLIS FEDERAL CREDIT UNION

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
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
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

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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