Jun, 30, 2024 — INDEPENDENT FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, IN with 1 branch location and about $95.57 million in total assets. Opened 54 years ago in 1971, INDEPENDENT FEDERAL CREDIT UNION has about 6,376 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDEPENDENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3737 S Scatterfield Rd ANDERSON, IN 46013 |
| Phone: | (765) 649-9271 |
| Fax: | (765) 641-7610 |
| Website: | https://www.independentfcu.org |
| Branches: | 1 branch locations |
| Members: | 6,376 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24171 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $95,566,837 |
| CEO/Manager: | Connie Lodde |
| Chairperson: | Chad M Clark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,268,366 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,453,733 |
| Unsecured Loans | 1,078,553 |
| Other Loans | 35,323,661 |
| TOTAL LOANS | 50,855,947 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -314,071 |
| Land And Building | 3,893,247 |
| Other Fixed Assets | 210,660 |
| NCUSIF Deposit | 828,614 |
| All Other Assets | 0 |
| TOTAL ASSETS | 95,566,837 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,639 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 535,347 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,790,278 |
| Regular shares | 56,095,638 |
| All Other Shares & Deposits | 11,621,432 |
| TOTAL SHARES & DEPOSITS | 87,507,348 |
| TOTAL LIABILITIES | 88,044,334 |
| Regular Reserve | 0 |
| Other Reserves | 2,360,400 |
| Undivided Earnings | 5,162,103 |
| TOTAL EQUITY | 7,522,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 95,566,837 |
| INCOME & EXPENSE | |
| Loan Income | 1,520,338 |
| Investment Income | 209,975 |
| Other Income | 534,824 |
| Total Employee Compensation & Benefits | 1,002,042 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,285,530 |
| Non-operating Income & (Expense) | 25,898 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,843 |
| Cost of Funds | 30,524 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,098,566 |
| ↑ Back to Top | |