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FO ME BO CO FEDERAL CREDIT UNION

Jun, 30, 2024 — FO ME BO CO FEDERAL CREDIT UNION is a federal credit union headquartered in WABASH, IN with 1 branch location and about $5.02 million in total assets. Opened 56 years ago in 1969, FO ME BO CO FEDERAL CREDIT UNION has about 665 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FO ME BO CO FEDERAL CREDIT UNION
Address:
(Main Office)
775 Manchester Ave
WABASH, IN 46992-1420
Phone:(260) 563-0334
Fax:(260) 563-5728
Website:n/a
Branches:1 branch locations
Members:665
Credit Union Type:Federal Credit Union
Charter Number:19432
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1969
Last Audited:Aug 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$5,020,435
CEO/Manager:Linette Burchett
Chairperson:Chuck Schafer

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 371,484
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 166,494
 Other Loans 1,976,434
 TOTAL LOANS 2,142,928
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,000
 Land And Building 0
 Other Fixed Assets 25
 NCUSIF Deposit 43,674
 All Other Assets 0
  TOTAL ASSETS 5,020,435
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,931
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,479,465
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,479,465
  TOTAL LIABILITIES 4,482,396
 Regular Reserve 0
 Other Reserves 138,143
 Undivided Earnings 399,896
  TOTAL EQUITY 538,039
  TOTAL LIABILITIES, SHARES, & EQUITY 5,020,435
INCOME & EXPENSE  
 Loan Income 48,756
 Investment Income 21,178
 Other Income -102
 Total Employee Compensation & Benefits 51,214
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,097
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,446
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,075
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