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BATTERY EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — BATTERY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Attica, IN with 1 branch location and about $1.22 million in total assets. Opened 55 years ago in 1966, BATTERY EMPLOYEES FEDERAL CREDIT UNION has about 221 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BATTERY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
507 E Monroe St
Attica, IN 47918-1416
Phone:(765) 762-2947
Fax:
Website:n/a
Branches:1 branch locations
Members:221
Credit Union Type:Federal Credit Union
Charter Number:17588
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,216,650
CEO/Manager:Janet L Schmid
Chairperson:Kenneth A Jones

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 279,791
TOTAL INVESTMENTS 490,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 45,546
 Other Loans 402,937
 TOTAL LOANS 448,483
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,554
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 9,877
 All Other Assets 6,053
  TOTAL ASSETS 1,216,650
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,840
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 990,010
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 990,010
  TOTAL LIABILITIES 995,850
 Regular Reserve 32,478
 Other Reserves 0
 Undivided Earnings 188,322
  TOTAL EQUITY 220,800
  TOTAL LIABILITIES, SHARES, & EQUITY 1,216,650
INCOME & EXPENSE  
 Loan Income 15,324
 Investment Income 476
 Other Income 88
 Total Employee Compensation & Benefits 10,146
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,291
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,171
 Cost of Funds 1,226
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,396
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