Dec, 31, 2023 — BAR-CONS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 1 branch location and about $49.06 million in total assets. Opened 59 years ago in 1965, BAR-CONS FEDERAL CREDIT UNION has about 4,313 members and employs 12 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 |
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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: | 4,313 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17040 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,056,175 |
CEO/Manager: | Stacey Foster |
Chairperson: | Edward Olibo |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,377,874 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,913,701 |
Unsecured Loans | 3,036,125 |
Other Loans | 23,017,631 |
TOTAL LOANS | 36,967,457 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -273,785 |
Land And Building | 0 |
Other Fixed Assets | 87,154 |
NCUSIF Deposit | 440,145 |
All Other Assets | 0 |
TOTAL ASSETS | 49,056,175 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,345 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 203,211 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,964,623 |
Regular shares | 20,839,723 |
All Other Shares & Deposits | 10,951,989 |
TOTAL SHARES & DEPOSITS | 41,756,335 |
TOTAL LIABILITIES | 41,967,891 |
Regular Reserve | 0 |
Other Reserves | 762,700 |
Undivided Earnings | 6,325,584 |
TOTAL EQUITY | 7,088,284 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,056,175 |
INCOME & EXPENSE | |
Loan Income | 1,901,095 |
Investment Income | 202,466 |
Other Income | 325,886 |
Total Employee Compensation & Benefits | 800,152 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,004,670 |
Non-operating Income & (Expense) | -1,241 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 189,692 |
Cost of Funds | 88,201 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 721,661 |
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