Jun, 30, 2024 — EVANSVILLE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EVANSVILLE, IN with 30 branch locations and about $3.37 billion in total assets. Opened 89 years ago in 1936, EVANSVILLE TEACHERS FEDERAL CREDIT UNION has about 274,787 members and employs 768 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EVANSVILLE TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4401 Theater Dr EVANSVILLE, IN 47715-1967 |
| Phone: | (812) 477-9271 |
| Fax: | (812) 473-9704 |
| Website: | https://libertyfcu.org |
| Branches: | 30 branch locations |
| Members: | 274,787 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1682 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,366,542,396 |
| CEO/Manager: | William H Schirmer |
| Chairperson: | Jane Magary |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 152,392,051 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 18,477,029 |
| Real Estate Loans | 2,314,792,725 |
| Unsecured Loans | 85,811,690 |
| Other Loans | 421,228,263 |
| TOTAL LOANS | 2,822,146,775 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,062,590 |
| Land And Building | 122,909,122 |
| Other Fixed Assets | 18,327,352 |
| NCUSIF Deposit | 20,781,985 |
| All Other Assets | 25,000 |
| TOTAL ASSETS | 3,366,542,396 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 175,000,000 |
| Accounts Payable & Other Liabilities | 90,163,707 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 25,000,000 |
| Share Drafts | 1,069,187,521 |
| Regular shares | 620,843,647 |
| All Other Shares & Deposits | 1,085,990,364 |
| TOTAL SHARES & DEPOSITS | 2,776,021,532 |
| TOTAL LIABILITIES | 3,066,185,239 |
| Regular Reserve | 0 |
| Other Reserves | -15,398,151 |
| Undivided Earnings | 315,755,308 |
| TOTAL EQUITY | 300,357,157 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,366,542,396 |
| INCOME & EXPENSE | |
| Loan Income | 71,066,621 |
| Investment Income | 2,289,866 |
| Other Income | 15,077,642 |
| Total Employee Compensation & Benefits | 50,683,746 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,243,995 |
| Non-operating Income & (Expense) | 292,496 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 660,000 |
| Cost of Funds | 19,133,493 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,971,329 |
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