Dec, 31, 2020 — INDIANA HEARTLAND FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 1 branch location and about $25.01 million in total assets. Opened 49 years ago in 1972, INDIANA HEARTLAND FEDERAL CREDIT UNION has about 4,278 members and employs 7 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 |
|---|---|
| Address: (Main Office) | 402 S BERKLEY RD KOKOMO, IN 46901 |
| Phone: | (765) 854-3067 |
| Fax: | (765) 854-3069 |
| Website: | http://www.indianaheartland.org |
| Branches: | 1 branch locations |
| Members: | 4,278 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24108 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,005,908 |
| CEO/Manager: | buffey y hedrick |
| Chairperson: | karen windsor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,121,221 |
| TOTAL INVESTMENTS | 1,017,022 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 471,153 |
| Unsecured Loans | 1,670,078 |
| Other Loans | 18,603,208 |
| TOTAL LOANS | 20,744,439 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -199,303 |
| Land And Building | 977,775 |
| Other Fixed Assets | 52,466 |
| NCUSIF Deposit | 198,518 |
| All Other Assets | 93,770 |
| TOTAL ASSETS | 25,005,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 169,723 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,640,539 |
| Regular shares | 11,865,527 |
| All Other Shares & Deposits | 6,843,613 |
| TOTAL SHARES & DEPOSITS | 22,349,679 |
| TOTAL LIABILITIES | 22,519,402 |
| Regular Reserve | 48,917 |
| Other Reserves | 0 |
| Undivided Earnings | 2,437,589 |
| TOTAL EQUITY | 2,486,506 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,005,908 |
| INCOME & EXPENSE | |
| Loan Income | 1,156,754 |
| Investment Income | 12,703 |
| Other Income | 765,870 |
| Total Employee Compensation & Benefits | 551,591 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 630,025 |
| Non-operating Income & (Expense) | 12,576 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,770 |
| Cost of Funds | 222,987 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 422,530 |
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