Sep, 30, 2025 — GENERATIONS FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, IN with 1 branch location and about $11.74 million in total assets. Opened 48 years ago in 1978, GENERATIONS FEDERAL CREDIT UNION has about 1,498 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: | GENERATIONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 706 BOYD BLVD LA PORTE, IN 46350 |
| Phone: | (219) 326-5311 |
| Fax: | (219) 326-0045 |
| Website: | https://laportegenerationsfederalcreditunion.com/ |
| Branches: | 1 branch locations |
| Members: | 1,498 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23156 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,742,630 |
| CEO/Manager: | JULIE A BABINEC |
| Chairperson: | WENDELL W WILTFONG |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 629,643 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 472,333 |
| Other Loans | 6,413,723 |
| TOTAL LOANS | 6,886,056 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,523 |
| Land And Building | 86,028 |
| Other Fixed Assets | 20,099 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 98,452 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,742,630 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,946 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,958,517 |
| Regular shares | 7,588,384 |
| All Other Shares & Deposits | 571,497 |
| TOTAL SHARES & DEPOSITS | 10,118,399 |
| TOTAL LIABILITIES | 10,147,345 |
| Regular Reserve | 0 |
| Other Reserves | 27,499 |
| Undivided Earnings | 1,567,786 |
| TOTAL EQUITY | 1,595,285 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,742,630 |
| INCOME & EXPENSE | |
| Loan Income | 316,811 |
| Investment Income | 126,911 |
| Other Income | 100,562 |
| Total Employee Compensation & Benefits | 165,295 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 193,652 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,872 |
| Cost of Funds | 39,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 117,772 |
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