SHEET METAL WORKERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in Indianapolis, IN with 1 branch location and about $9.09 million in total assets. Opened 54 years ago in 1970, SHEET METAL WORKERS FEDERAL CREDIT UNION has about 1,212 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: | 1,212 |
| 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: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,092,050 |
| CEO/Manager: | Mary J McCune |
| Chairperson: | John Perry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 266,899 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 58,359 |
| Other Loans | 3,192,588 |
| TOTAL LOANS | 3,250,947 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,899 |
| Land And Building | 0 |
| Other Fixed Assets | 1,893 |
| NCUSIF Deposit | 76,950 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,092,050 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,217 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 701,106 |
| Regular shares | 4,740,948 |
| All Other Shares & Deposits | 2,885,419 |
| TOTAL SHARES & DEPOSITS | 8,327,473 |
| TOTAL LIABILITIES | 8,344,690 |
| Regular Reserve | 0 |
| Other Reserves | 602,069 |
| Undivided Earnings | 145,291 |
| TOTAL EQUITY | 747,360 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,092,050 |
| INCOME & EXPENSE | |
| Loan Income | 34,678 |
| Investment Income | 6,215 |
| Other Income | 9,535 |
| Total Employee Compensation & Benefits | 26,814 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,049 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,320 |
| Cost of Funds | 568 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 47 |
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