Jun, 30, 2024 — COMMUNITYWIDE FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 11 branch locations and about $711.32 million in total assets. Opened 58 years ago in 1967, COMMUNITYWIDE FEDERAL CREDIT UNION has about 65,215 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITYWIDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1555 W Western Ave SOUTH BEND, IN 46619-3742 |
| Phone: | (574) 239-2700 |
| Fax: | (574) 239-2705 |
| Website: | https://www.comwide.com |
| Branches: | 11 branch locations |
| Members: | 65,215 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18336 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $711,322,381 |
| CEO/Manager: | Andrew Burggraf |
| Chairperson: | Stephen Hart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,787,639 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,684,355 |
| Unsecured Loans | 2,073,927 |
| Other Loans | 603,022,234 |
| TOTAL LOANS | 614,780,516 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,894,166 |
| Land And Building | 7,496,561 |
| Other Fixed Assets | 153,080 |
| NCUSIF Deposit | 5,026,415 |
| All Other Assets | 704,537 |
| TOTAL ASSETS | 711,322,381 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 4,422,095 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,705,504 |
| Regular shares | 91,360,693 |
| All Other Shares & Deposits | 470,331,283 |
| TOTAL SHARES & DEPOSITS | 597,397,480 |
| TOTAL LIABILITIES | 606,819,575 |
| Regular Reserve | 0 |
| Other Reserves | 92 |
| Undivided Earnings | 104,502,714 |
| TOTAL EQUITY | 104,502,806 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 711,322,381 |
| INCOME & EXPENSE | |
| Loan Income | 24,980,756 |
| Investment Income | 661,416 |
| Other Income | 1,184,787 |
| Total Employee Compensation & Benefits | 3,919,080 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,538,660 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,898,000 |
| Cost of Funds | 4,104,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,612,720 |
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