Sep, 30, 2025 — INDIANA LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in WARSAW, IN with 1 branch location and about $26.46 million in total assets. Opened 49 years ago in 1977, INDIANA LAKES FEDERAL CREDIT UNION has about 1,745 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDIANA LAKES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 322 S Detroit St WARSAW, IN 46580-4401 |
| Phone: | (574) 267-7497 |
| Fax: | (574) 269-9509 |
| Website: | https://www.ilfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,745 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22704 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,462,054 |
| CEO/Manager: | Jamie Bales |
| Chairperson: | Bruce Robinaugh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,934,617 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,345,860 |
| Unsecured Loans | 565,902 |
| Other Loans | 2,370,131 |
| TOTAL LOANS | 12,981,095 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,243 |
| Land And Building | 90,075 |
| Other Fixed Assets | 55,980 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 249,336 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,462,054 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,563 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,918,175 |
| Regular shares | 10,628,036 |
| All Other Shares & Deposits | 7,706,722 |
| TOTAL SHARES & DEPOSITS | 23,252,933 |
| TOTAL LIABILITIES | 23,308,285 |
| Regular Reserve | 0 |
| Other Reserves | 326,585 |
| Undivided Earnings | 2,827,184 |
| TOTAL EQUITY | 3,153,769 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,462,054 |
| INCOME & EXPENSE | |
| Loan Income | 442,285 |
| Investment Income | 344,018 |
| Other Income | 7,068 |
| Total Employee Compensation & Benefits | 244,858 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 302,870 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,000 |
| Cost of Funds | 236,426 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 141,089 |
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