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NORTHERN INDIANA FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHERN INDIANA FEDERAL CREDIT UNION is a federal credit union headquartered in Merrillville, IN with 2 branch locations and about $40.84 million in total assets. Opened 86 years ago in 1935, NORTHERN INDIANA FEDERAL CREDIT UNION has about 4,963 members and employs 10 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:http://www.nifedcu.org
Branches:2 branch locations
Members:4,963
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$40,843,443
CEO/Manager:Christine C Biasi
Chairperson:Beverly Jackson

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,928,745
TOTAL INVESTMENTS 18,535,814
Loans Held for Sale 0
 
 Real Estate Loans 7,646,184
 Unsecured Loans 426,721
 Other Loans 9,806,476
 TOTAL LOANS 17,879,381
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -64,246
 Land And Building 480,323
 Other Fixed Assets 585,549
 NCUSIF Deposit 309,651
 All Other Assets 188,226
  TOTAL ASSETS 40,843,443
LIABILITIES & CAPITAL:  
 Dividends Payable 31
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 191,588
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,523,883
 Regular shares 26,976,487
 All Other Shares & Deposits 4,291,060
  TOTAL SHARES & DEPOSITS 37,791,430
  TOTAL LIABILITIES 37,983,049
 Regular Reserve 1,198,044
 Other Reserves 0
 Undivided Earnings 1,662,350
  TOTAL EQUITY 2,860,394
  TOTAL LIABILITIES, SHARES, & EQUITY 40,843,443
INCOME & EXPENSE  
 Loan Income 189,308
 Investment Income 59,928
 Other Income 39,916
 Total Employee Compensation & Benefits 150,016
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 163,816
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,000
 Cost of Funds 7,828
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 40,221
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