Sep, 30, 2025 — LA PORTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, IN with 3 branch locations and about $71.98 million in total assets. Opened 89 years ago in 1937, LA PORTE COMMUNITY FEDERAL CREDIT UNION has about 8,473 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LA PORTE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1800 E Lincolnway LA PORTE, IN 46350 |
| Phone: | (219) 326-8050 |
| Fax: | (219) 326-1915 |
| Website: | https://www.laportecfcu.com |
| Branches: | 3 branch locations |
| Members: | 8,473 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2051 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $71,979,701 |
| CEO/Manager: | Harold R Masterson |
| Chairperson: | Alan Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,541,335 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,401,552 |
| Unsecured Loans | 3,226,178 |
| Other Loans | 38,243,219 |
| TOTAL LOANS | 60,870,949 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -371,898 |
| Land And Building | 3,262,015 |
| Other Fixed Assets | 100,090 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 586,487 |
| All Other Assets | 64,277 |
| TOTAL ASSETS | 71,979,701 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 155,696 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,896,886 |
| Regular shares | 31,507,392 |
| All Other Shares & Deposits | 18,675,900 |
| TOTAL SHARES & DEPOSITS | 62,080,177 |
| TOTAL LIABILITIES | 62,235,873 |
| Regular Reserve | 0 |
| Other Reserves | 1,042,696 |
| Undivided Earnings | 8,701,132 |
| TOTAL EQUITY | 9,743,828 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 71,979,701 |
| INCOME & EXPENSE | |
| Loan Income | 2,811,044 |
| Investment Income | 262,285 |
| Other Income | 502,123 |
| Total Employee Compensation & Benefits | 1,302,586 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,350,864 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,000 |
| Cost of Funds | 449,649 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 823,548 |
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