Jun, 30, 2024 — FINANCIAL PARTNERS FEDERAL CREDIT UNION is a federal credit union headquartered in WOODBURN, IN with 2 branch locations and about $55.90 million in total assets. Opened 59 years ago in 1965, FINANCIAL PARTNERS FEDERAL CREDIT UNION has about 3,567 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FINANCIAL PARTNERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 22440 Main St WOODBURN, IN 46797 |
Phone: | (260) 632-4245 |
Fax: | (260) 632-4109 |
Website: | https://www.financialpartnersfcu.org |
Branches: | 2 branch locations |
Members: | 3,567 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16619 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,895,702 |
CEO/Manager: | David Shuey |
Chairperson: | Herb Anderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,747,319 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,925,784 |
Unsecured Loans | 1,674,399 |
Other Loans | 7,163,781 |
TOTAL LOANS | 24,763,964 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -167,247 |
Land And Building | 951,244 |
Other Fixed Assets | 39,700 |
NCUSIF Deposit | 497,704 |
All Other Assets | 0 |
TOTAL ASSETS | 55,895,702 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 245,129 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,946,512 |
Regular shares | 32,171,277 |
All Other Shares & Deposits | 3,357,185 |
TOTAL SHARES & DEPOSITS | 51,474,974 |
TOTAL LIABILITIES | 51,720,103 |
Regular Reserve | 0 |
Other Reserves | 736,334 |
Undivided Earnings | 3,439,265 |
TOTAL EQUITY | 4,175,599 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,895,702 |
INCOME & EXPENSE | |
Loan Income | 640,896 |
Investment Income | 304,527 |
Other Income | 136,425 |
Total Employee Compensation & Benefits | 420,131 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 601,896 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,000 |
Cost of Funds | 29,252 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 204,256 |
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