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SHEET METAL WORKERS FEDERAL CREDIT UNION

Mar, 31, 2022 — 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 52 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)
2828 E 45th St
INDIANAPOLIS, IN 46205
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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