Jun, 30, 2024 — BAR-CONS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 1 branch location and about $52.32 million in total assets. Opened 60 years ago in 1965, BAR-CONS FEDERAL CREDIT UNION has about 4,232 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAR-CONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1142 N Marr Rd COLUMBUS, IN 47201 |
| Phone: | (812) 372-8776 |
| Fax: | (812) 372-8186 |
| Website: | https://www.barcons.org |
| Branches: | 1 branch locations |
| Members: | 4,232 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17040 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Oct 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,323,990 |
| CEO/Manager: | Jaime K Stainbrook |
| Chairperson: | Edward Olibo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,696,453 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,851,185 |
| Unsecured Loans | 2,742,142 |
| Other Loans | 20,917,263 |
| TOTAL LOANS | 33,510,590 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,958 |
| Land And Building | 0 |
| Other Fixed Assets | 94,114 |
| NCUSIF Deposit | 428,828 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,323,990 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,689 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 233,769 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,264,746 |
| Regular shares | 30,256,646 |
| All Other Shares & Deposits | 4,446,399 |
| TOTAL SHARES & DEPOSITS | 45,967,791 |
| TOTAL LIABILITIES | 46,204,249 |
| Regular Reserve | 0 |
| Other Reserves | 666,564 |
| Undivided Earnings | 5,453,177 |
| TOTAL EQUITY | 6,119,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,323,990 |
| INCOME & EXPENSE | |
| Loan Income | 1,136,058 |
| Investment Income | 142,508 |
| Other Income | 216,930 |
| Total Employee Compensation & Benefits | 657,034 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 681,407 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 166,441 |
| Cost of Funds | 38,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 283,033 |
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