Jun, 30, 2024 — INDIANA HEARTLAND FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 1 branch location and about $33.10 million in total assets. Opened 53 years ago in 1972, INDIANA HEARTLAND FEDERAL CREDIT UNION has about 4,737 members and employs 8 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: | https://www.indianaheartland.org |
| Branches: | 1 branch locations |
| Members: | 4,737 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,103,722 |
| CEO/Manager: | buffey y hedrick |
| Chairperson: | karen windsor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,528,484 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 703,471 |
| Unsecured Loans | 2,051,208 |
| Other Loans | 24,791,714 |
| TOTAL LOANS | 27,546,393 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,707 |
| Land And Building | 955,120 |
| Other Fixed Assets | 73,033 |
| NCUSIF Deposit | 251,938 |
| All Other Assets | 5,075 |
| TOTAL ASSETS | 33,103,722 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,830 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 183,400 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,850,302 |
| Regular shares | 15,233,329 |
| All Other Shares & Deposits | 10,212,841 |
| TOTAL SHARES & DEPOSITS | 29,296,472 |
| TOTAL LIABILITIES | 29,500,702 |
| Regular Reserve | 0 |
| Other Reserves | 48,917 |
| Undivided Earnings | 3,554,103 |
| TOTAL EQUITY | 3,603,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,103,722 |
| INCOME & EXPENSE | |
| Loan Income | 1,018,159 |
| Investment Income | 11,213 |
| Other Income | 297,019 |
| Total Employee Compensation & Benefits | 550,285 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 598,373 |
| Non-operating Income & (Expense) | 8,712 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,417 |
| Cost of Funds | 136,287 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 500,990 |
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