Jun, 30, 2024 — HOMETOWN FEDERAL CREDIT UNION is a federal credit union headquartered in PERU, IN with 0 branch location and about $38.13 million in total assets. Opened 89 years ago in 1936, HOMETOWN FEDERAL CREDIT UNION has about 3,843 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOMETOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 151 N Broadway PERU, IN 46970 |
| Phone: | (765) 472-7600 |
| Fax: | |
| Website: | https://www.hometownfcu.org |
| Branches: | 0 branch locations |
| Members: | 3,843 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1621 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,127,222 |
| CEO/Manager: | Mark E Lowe |
| Chairperson: | Larry West |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 956,122 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,180,850 |
| Unsecured Loans | 565,127 |
| Other Loans | 14,495,040 |
| TOTAL LOANS | 23,241,017 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,666 |
| Land And Building | 494,079 |
| Other Fixed Assets | 14,837 |
| NCUSIF Deposit | 297,670 |
| All Other Assets | 46,741 |
| TOTAL ASSETS | 38,127,222 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12 |
| Notes & Interest Payable | 412,328 |
| Accounts Payable & Other Liabilities | 60,935 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,546,266 |
| Regular shares | 23,923,197 |
| All Other Shares & Deposits | 212,795 |
| TOTAL SHARES & DEPOSITS | 29,682,258 |
| TOTAL LIABILITIES | 30,155,533 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,971,689 |
| TOTAL EQUITY | 7,971,689 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,127,222 |
| INCOME & EXPENSE | |
| Loan Income | 1,201,338 |
| Investment Income | 54,169 |
| Other Income | 141,898 |
| Total Employee Compensation & Benefits | 537,927 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 434,938 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,285 |
| Cost of Funds | 93,315 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 518,522 |
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