Dec, 31, 2023 — UNION BAPTIST CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 1 branch location and about $852,407 in total assets. Opened 18 years ago in 2006, UNION BAPTIST CHURCH FEDERAL CREDIT UNION has about 365 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNION BAPTIST CHURCH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2135 S Hanna St FORT WAYNE, IN 46803 |
| Phone: | (260) 456-1802 |
| Fax: | (260) 456-8880 |
| Website: | https://www.ubcfcu.org |
| Branches: | 1 branch locations |
| Members: | 365 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24781 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2006 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $852,407 |
| CEO/Manager: | Diane Starks |
| Chairperson: | Rudolph Lewis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 317,158 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 102,133 |
| Other Loans | 481,121 |
| TOTAL LOANS | 583,254 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,400 |
| Land And Building | 734 |
| Other Fixed Assets | 716 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 852,407 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 254,574 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 388,752 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 388,752 |
| TOTAL LIABILITIES | 643,326 |
| Regular Reserve | 0 |
| Other Reserves | 5,817 |
| Undivided Earnings | 203,264 |
| TOTAL EQUITY | 209,081 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 852,407 |
| INCOME & EXPENSE | |
| Loan Income | 22,371 |
| Investment Income | 4,683 |
| Other Income | 1,585 |
| Total Employee Compensation & Benefits | 55,989 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,445 |
| Non-operating Income & (Expense) | 198,345 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,770 |
| Cost of Funds | 937 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 73,025 |
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