Dec, 31, 2023 — HOMETOWN FEDERAL CREDIT UNION is a federal credit union headquartered in PERU, IN with 0 branch location and about $34.86 million in total assets. Opened 88 years ago in 1936, HOMETOWN FEDERAL CREDIT UNION has about 4,412 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: | 4,412 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,859,506 |
| CEO/Manager: | Mark E Lowe |
| Chairperson: | Larry West |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,760,073 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,702,996 |
| Unsecured Loans | 612,559 |
| Other Loans | 16,475,504 |
| TOTAL LOANS | 25,791,059 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,043 |
| Land And Building | 460,002 |
| Other Fixed Assets | 11,156 |
| NCUSIF Deposit | 277,977 |
| All Other Assets | 51,822 |
| TOTAL ASSETS | 34,859,506 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 87,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,341,927 |
| Regular shares | 18,406,664 |
| All Other Shares & Deposits | 2,021,526 |
| TOTAL SHARES & DEPOSITS | 25,770,117 |
| TOTAL LIABILITIES | 25,857,609 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,001,897 |
| TOTAL EQUITY | 9,001,897 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,859,506 |
| INCOME & EXPENSE | |
| Loan Income | 1,834,359 |
| Investment Income | 234,296 |
| Other Income | 177,495 |
| Total Employee Compensation & Benefits | 768,492 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 655,233 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,500 |
| Cost of Funds | 129,266 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 866,122 |
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