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SHEET METAL WORKERS FEDERAL CREDIT UNION

Jun, 30, 2021 — SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in Indianapolis, IN with 1 branch location and about $8.88 million in total assets. Opened 51 years ago in 1970, SHEET METAL WORKERS FEDERAL CREDIT UNION has about 1,221 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:1,221
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:$8,876,822
CEO/Manager:Mary J McCune
Chairperson:John Perry

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 92,289
TOTAL INVESTMENTS 5,886,840
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 75,416
 Other Loans 2,734,156
 TOTAL LOANS 2,809,572
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,279
 Land And Building 0
 Other Fixed Assets 2,288
 NCUSIF Deposit 76,950
 All Other Assets 19,162
  TOTAL ASSETS 8,876,822
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,129
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 621,650
 Regular shares 4,467,671
 All Other Shares & Deposits 3,064,749
  TOTAL SHARES & DEPOSITS 8,154,070
  TOTAL LIABILITIES 8,160,199
 Regular Reserve 573,032
 Other Reserves 0
 Undivided Earnings 143,591
  TOTAL EQUITY 716,623
  TOTAL LIABILITIES, SHARES, & EQUITY 8,876,822
INCOME & EXPENSE  
 Loan Income 64,795
 Investment Income 15,925
 Other Income 20,127
 Total Employee Compensation & Benefits 54,669
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 50,284
 Non-operating Income & (Expense) 14,490
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,461
 Cost of Funds 1,551
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,012
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