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MT ZION INDIANAPOLIS FEDERAL CREDIT UNION

Jun, 30, 2021 — MT ZION INDIANAPOLIS FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 1 branch location and about $753,177 in total assets. Opened 58 years ago in 1963, MT ZION INDIANAPOLIS FEDERAL CREDIT UNION has about 273 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:273
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$753,177
CEO/Manager:Denise McCauley
Chairperson:Doris Doggett

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 250,291
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 309,582
 Other Loans 163,299
 TOTAL LOANS 472,881
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,004
 Land And Building 0
 Other Fixed Assets 9,023
 NCUSIF Deposit 5,865
 All Other Assets 28,121
  TOTAL ASSETS 753,177
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,044
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 601,508
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 601,508
  TOTAL LIABILITIES 613,552
 Regular Reserve 2,967
 Other Reserves 0
 Undivided Earnings 136,658
  TOTAL EQUITY 139,625
  TOTAL LIABILITIES, SHARES, & EQUITY 753,177
INCOME & EXPENSE  
 Loan Income 12,078
 Investment Income 312
 Other Income 67,585
 Total Employee Compensation & Benefits 7,842
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,470
 Non-operating Income & (Expense) 5,326
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,326
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 61,350
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