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National Credit Union Service Organization

PROFED FEDERAL CREDIT UNION

Dec, 31, 2020 — PROFED FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 12 branch locations and about $569.11 million in total assets. Opened 88 years ago in 1933, PROFED FEDERAL CREDIT UNION has about 54,618 members and employs 184 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 274973183
Name:PROFED FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 5466
FORT WAYNE, IN 46895-5466
Phone:(260) 483-0514
Fax:(260) 471-2648
Website:http://www.profedcu.org
Branches:12 branch locations
Members:54,618
Credit Union Type:Federal Credit Union
Charter Number:17012
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1933
Last Audited:Sep 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$569,105,878
CEO/Manager:Gregory T Troutner
Chairperson:Richard R Smith

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 80,145,765
TOTAL INVESTMENTS 78,888,105
Loans Held for Sale 4,997,866
 
 Real Estate Loans 222,283,179
 Unsecured Loans 17,199,704
 Other Loans 135,618,348
 TOTAL LOANS 375,184,438
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,449,898
 Land And Building 15,377,871
 Other Fixed Assets 7,723,377
 NCUSIF Deposit 4,612,170
 All Other Assets 3,626,184
  TOTAL ASSETS 569,105,878
LIABILITIES & CAPITAL:  
 Dividends Payable 16,767
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,753,899
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 125,881,995
 Regular shares 236,777,558
 All Other Shares & Deposits 143,931,885
  TOTAL SHARES & DEPOSITS 506,591,438
  TOTAL LIABILITIES 514,362,104
 Regular Reserve 6,165,497
 Other Reserves 456,971
 Undivided Earnings 48,121,306
  TOTAL EQUITY 54,743,774
  TOTAL LIABILITIES, SHARES, & EQUITY 569,105,878
INCOME & EXPENSE  
 Loan Income 13,338,837
 Investment Income 2,264,695
 Other Income 13,481,530
 Total Employee Compensation & Benefits 12,376,862
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,543,659
 Non-operating Income & (Expense) 369
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 600,000
 Cost of Funds 958,439
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,606,471
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