Dec, 31, 2023 — INDIANA HEARTLAND FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 1 branch location and about $38.24 million in total assets. Opened 52 years ago in 1972, INDIANA HEARTLAND FEDERAL CREDIT UNION has about 4,700 members and employs 9 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 HEARTLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 402 S Berkley Rd KOKOMO, IN 46901 |
Phone: | (765) 854-3067 |
Fax: | (765) 854-3069 |
Website: | https://www.indianaheartland.org |
Branches: | 1 branch locations |
Members: | 4,700 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24108 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,243,787 |
CEO/Manager: | buffey y hedrick |
Chairperson: | karen windsor |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,829,145 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,111,026 |
Unsecured Loans | 2,641,921 |
Other Loans | 28,957,770 |
TOTAL LOANS | 32,710,717 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -344,005 |
Land And Building | 901,557 |
Other Fixed Assets | 99,842 |
NCUSIF Deposit | 268,309 |
All Other Assets | 44,500 |
TOTAL ASSETS | 38,243,787 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 151,609 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,818,063 |
Regular shares | 13,122,805 |
All Other Shares & Deposits | 17,102,648 |
TOTAL SHARES & DEPOSITS | 34,043,516 |
TOTAL LIABILITIES | 34,195,125 |
Regular Reserve | 0 |
Other Reserves | 48,917 |
Undivided Earnings | 3,999,745 |
TOTAL EQUITY | 4,048,662 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,243,787 |
INCOME & EXPENSE | |
Loan Income | 1,736,033 |
Investment Income | 33,048 |
Other Income | 589,429 |
Total Employee Compensation & Benefits | 763,099 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 926,485 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 634,503 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 623,329 |
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