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DEL MET FEDERAL CREDIT UNION

Dec, 31, 2020 — DEL MET FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 1 branch location and about $9.44 million in total assets. Opened 52 years ago in 1969, DEL MET FEDERAL CREDIT UNION has about 1,237 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DEL MET FEDERAL CREDIT UNION
Address:
(Main Office)
8000 N STATE ROAD 3
MUNCIE, IN 47303-9408
Phone:(765) 289-5554
Fax:(765) 288-9461
Website:http://www.delmetfcu.com
Branches:1 branch locations
Members:1,237
Credit Union Type:Federal Credit Union
Charter Number:19390
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1969
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$9,441,727
CEO/Manager:Larry Manet
Chairperson:Nancy Harper

Call Report

  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,708,824
TOTAL INVESTMENTS 5,748,182
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 290,368
 Other Loans 1,551,517
 TOTAL LOANS 1,841,885
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,888
 Land And Building 54,836
 Other Fixed Assets 0
 NCUSIF Deposit 71,130
 All Other Assets 46,758
  TOTAL ASSETS 9,441,727
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,576
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,448,178
 Regular shares 6,000,447
 All Other Shares & Deposits 431,102
  TOTAL SHARES & DEPOSITS 7,879,727
  TOTAL LIABILITIES 7,885,303
 Regular Reserve 276,969
 Other Reserves 0
 Undivided Earnings 1,279,455
  TOTAL EQUITY 1,556,424
  TOTAL LIABILITIES, SHARES, & EQUITY 9,441,727
INCOME & EXPENSE  
 Loan Income 117,369
 Investment Income 142,497
 Other Income 8,579
 Total Employee Compensation & Benefits 135,728
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 112,458
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,900
 Cost of Funds 2,438
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 921
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