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EAST ALLEN FEDERAL CREDIT UNION

Dec, 31, 2021 — EAST ALLEN FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, IN with 1 branch location and about $18.88 million in total assets. Opened 57 years ago in 1965, EAST ALLEN FEDERAL CREDIT UNION has about 1,613 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:http://www.eastallencreditunion.com
Branches:1 branch locations
Members:1,613
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:$18,880,392
CEO/Manager:KAREN C BISHOP
Chairperson:HARRY QUANDT

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,811,834
TOTAL INVESTMENTS 13,416,211
Loans Held for Sale 0
 
 Real Estate Loans 15,431
 Unsecured Loans 96,834
 Other Loans 1,177,745
 TOTAL LOANS 1,290,010
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,801
 Land And Building 162,697
 Other Fixed Assets 15,336
 NCUSIF Deposit 163,644
 All Other Assets 37,461
  TOTAL ASSETS 18,880,392
LIABILITIES & CAPITAL:  
 Dividends Payable 576
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,560
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,499,813
 Regular shares 12,877,919
 All Other Shares & Deposits 981,316
  TOTAL SHARES & DEPOSITS 17,359,048
  TOTAL LIABILITIES 17,374,184
 Regular Reserve 320,000
 Other Reserves 0
 Undivided Earnings 1,186,208
  TOTAL EQUITY 1,506,208
  TOTAL LIABILITIES, SHARES, & EQUITY 18,880,392
INCOME & EXPENSE  
 Loan Income 60,136
 Investment Income 146,029
 Other Income 19,709
 Total Employee Compensation & Benefits 165,784
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 140,917
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,160
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 80,141
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