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SHEET METAL WORKERS FEDERAL CREDIT UNION

Mar, 31, 2021 — SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in Indianapolis, IN with 1 branch location and about $8.73 million in total assets. Opened 51 years ago in 1970, SHEET METAL WORKERS FEDERAL CREDIT UNION has about 1,225 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SHEET METAL WORKERS FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 20668
Indianapolis, IN 46220
Phone:(317) 549-6009
Fax:(317) 549-6011
Website:n/a
Branches:1 branch locations
Members:1,225
Credit Union Type:Federal Credit Union
Charter Number:20174
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1970
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,730,063
CEO/Manager:Mary J McCune
Chairperson:Robert Williams

Call Report

  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 540,434
TOTAL INVESTMENTS 5,642,840
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 73,680
 Other Loans 2,396,360
 TOTAL LOANS 2,470,040
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,833
 Land And Building 0
 Other Fixed Assets 2,755
 NCUSIF Deposit 61,616
 All Other Assets 23,211
  TOTAL ASSETS 8,730,063
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,540
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 692,165
 Regular shares 4,393,856
 All Other Shares & Deposits 2,934,571
  TOTAL SHARES & DEPOSITS 8,020,592
  TOTAL LIABILITIES 8,025,132
 Regular Reserve 143,591
 Other Reserves 0
 Undivided Earnings 561,340
  TOTAL EQUITY 704,931
  TOTAL LIABILITIES, SHARES, & EQUITY 8,730,063
INCOME & EXPENSE  
 Loan Income 31,836
 Investment Income 9,890
 Other Income 10,098
 Total Employee Compensation & Benefits 26,350
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,700
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -370
 Cost of Funds 969
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,320
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