Jun, 30, 2024 — FINANCIAL HEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 6 branch locations and about $40.84 million in total assets. Opened 53 years ago in 1971, FINANCIAL HEALTH FEDERAL CREDIT UNION has about 8,330 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL HEALTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 777 INDIANA AVE INDIANAPOLIS, IN 46202-3101 |
| Phone: | (317) 559-7175 |
| Fax: | (317) 559-7184 |
| Website: | https://financialhealthfcu.org |
| Branches: | 6 branch locations |
| Members: | 8,330 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20793 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,837,424 |
| CEO/Manager: | Monica E Gilbert |
| Chairperson: | Steven Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,821,144 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,618,339 |
| Unsecured Loans | 2,302,501 |
| Other Loans | 8,547,335 |
| TOTAL LOANS | 12,468,175 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -424,205 |
| Land And Building | 0 |
| Other Fixed Assets | 354,302 |
| NCUSIF Deposit | 355,502 |
| All Other Assets | 21,077 |
| TOTAL ASSETS | 40,837,424 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 652 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 523,478 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,886,685 |
| Regular shares | 22,344,850 |
| All Other Shares & Deposits | 4,416,364 |
| TOTAL SHARES & DEPOSITS | 36,647,899 |
| TOTAL LIABILITIES | 37,172,029 |
| Regular Reserve | 0 |
| Other Reserves | 204,796 |
| Undivided Earnings | 3,460,599 |
| TOTAL EQUITY | 3,665,395 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,837,424 |
| INCOME & EXPENSE | |
| Loan Income | 854,936 |
| Investment Income | 272,397 |
| Other Income | 1,341,711 |
| Total Employee Compensation & Benefits | 1,079,294 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,283,535 |
| Non-operating Income & (Expense) | 132,472 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 287,824 |
| Cost of Funds | 35,273 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,090 |
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