Jun, 30, 2024 — EAST ALLEN FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, IN with 1 branch location and about $18.41 million in total assets. Opened 60 years ago in 1965, EAST ALLEN FEDERAL CREDIT UNION has about 1,549 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: | EAST ALLEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 502 HENRY ST NEW HAVEN, IN 46774-1438 |
| Phone: | (260) 749-9956 |
| Fax: | (260) 493-7959 |
| Website: | https://www.eastallencreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,549 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16805 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | May 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,408,741 |
| CEO/Manager: | KAREN C BISHOP |
| Chairperson: | HARRY QUANDT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,623,077 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,451 |
| Unsecured Loans | 95,024 |
| Other Loans | 1,164,907 |
| TOTAL LOANS | 1,268,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,801 |
| Land And Building | 155,936 |
| Other Fixed Assets | 13,490 |
| NCUSIF Deposit | 173,590 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,408,741 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,463,409 |
| Regular shares | 12,915,527 |
| All Other Shares & Deposits | 533,470 |
| TOTAL SHARES & DEPOSITS | 16,912,406 |
| TOTAL LIABILITIES | 16,918,697 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,490,044 |
| TOTAL EQUITY | 1,490,044 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,408,741 |
| INCOME & EXPENSE | |
| Loan Income | 38,375 |
| Investment Income | 117,863 |
| Other Income | 13,050 |
| Total Employee Compensation & Benefits | 139,366 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 117,354 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,164 |
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