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FO ME BO CO FEDERAL CREDIT UNION

Mar, 31, 2021 — FO ME BO CO FEDERAL CREDIT UNION is a federal credit union headquartered in WABASH, IN with 1 branch location and about $4.82 million in total assets. Opened 52 years ago in 1969, FO ME BO CO FEDERAL CREDIT UNION has about 672 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)
P. O. BOX 398
WABASH, IN 46992
Phone:(260) 563-0334
Fax:(260) 563-5728
Website:n/a
Branches:1 branch locations
Members:672
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,821,448
CEO/Manager:Linette Burchett
Chairperson:Chuck Schafer

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,286,616
TOTAL INVESTMENTS 1,555,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 169,784
 Other Loans 1,773,001
 TOTAL LOANS 1,942,785
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,000
 Land And Building 0
 Other Fixed Assets 785
 NCUSIF Deposit 32,805
 All Other Assets 8,457
  TOTAL ASSETS 4,821,448
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,925
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,279,098
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,279,098
  TOTAL LIABILITIES 4,281,023
 Regular Reserve 138,143
 Other Reserves 0
 Undivided Earnings 402,282
  TOTAL EQUITY 540,425
  TOTAL LIABILITIES, SHARES, & EQUITY 4,821,448
INCOME & EXPENSE  
 Loan Income 17,439
 Investment Income 7,792
 Other Income 77
 Total Employee Compensation & Benefits 13,331
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,193
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 684
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,100
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