Sep, 30, 2025 — NORTHERN INDIANA FEDERAL CREDIT UNION is a federal credit union headquartered in MERRILLVILLE, IN with 2 branch locations and about $39.63 million in total assets. Opened 91 years ago in 1935, NORTHERN INDIANA FEDERAL CREDIT UNION has about 5,703 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN INDIANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8121 Grand Blvd MERRILLVILLE, IN 46410 |
| Phone: | (219) 942-3377 |
| Fax: | (219) 947-5099 |
| Website: | https://www.nifedcu.org |
| Branches: | 2 branch locations |
| Members: | 5,703 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 168 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,629,936 |
| CEO/Manager: | Christine C Biasi |
| Chairperson: | Vernon Beck |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 662,536 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,301,560 |
| Unsecured Loans | 462,097 |
| Other Loans | 19,765,572 |
| TOTAL LOANS | 27,529,229 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,090 |
| Land And Building | 407,226 |
| Other Fixed Assets | 789,323 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 345,660 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,629,936 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 376 |
| Notes & Interest Payable | 555,380 |
| Accounts Payable & Other Liabilities | 323,330 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,033,094 |
| Regular shares | 24,227,354 |
| All Other Shares & Deposits | 4,916,133 |
| TOTAL SHARES & DEPOSITS | 35,176,581 |
| TOTAL LIABILITIES | 36,055,667 |
| Regular Reserve | 0 |
| Other Reserves | 1,198,044 |
| Undivided Earnings | 2,376,225 |
| TOTAL EQUITY | 3,574,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,629,936 |
| INCOME & EXPENSE | |
| Loan Income | 1,076,540 |
| Investment Income | 282,362 |
| Other Income | 154,903 |
| Total Employee Compensation & Benefits | 577,969 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 776,097 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,090 |
| Cost of Funds | 113,164 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,957 |
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