Dec, 31, 2023 — COMMUNITYWIDE FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 11 branch locations and about $794.45 million in total assets. Opened 57 years ago in 1967, COMMUNITYWIDE FEDERAL CREDIT UNION has about 69,968 members and employs 83 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: | 69,968 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $794,453,696 |
| CEO/Manager: | Andrew Burggraf |
| Chairperson: | Stephen Hart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 117,115,250 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,748,104 |
| Unsecured Loans | 2,405,865 |
| Other Loans | 676,395,008 |
| TOTAL LOANS | 687,548,977 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,626,823 |
| Land And Building | 7,367,444 |
| Other Fixed Assets | 634,862 |
| NCUSIF Deposit | 5,792,629 |
| All Other Assets | 1,803,130 |
| TOTAL ASSETS | 794,453,696 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,279,002 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,807,840 |
| Regular shares | 34,844,145 |
| All Other Shares & Deposits | 586,050,880 |
| TOTAL SHARES & DEPOSITS | 685,702,865 |
| TOTAL LIABILITIES | 691,981,867 |
| Regular Reserve | 0 |
| Other Reserves | 1,047,901 |
| Undivided Earnings | 101,423,928 |
| TOTAL EQUITY | 102,471,829 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 794,453,696 |
| INCOME & EXPENSE | |
| Loan Income | 44,655,738 |
| Investment Income | 3,595,251 |
| Other Income | 2,164,093 |
| Total Employee Compensation & Benefits | 5,632,215 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,913,782 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,396,057 |
| Cost of Funds | 23,384,713 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,356,924 |
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