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PROFINANCE FEDERAL CREDIT UNION

Dec, 31, 2023 — PROFINANCE FEDERAL CREDIT UNION is a federal credit union headquartered in MERRILLVILLE, IN with 1 branch location and about $15.22 million in total assets. Opened 86 years ago in 1938, PROFINANCE FEDERAL CREDIT UNION has about 1,470 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 271990787
Name:PROFINANCE FEDERAL CREDIT UNION
Address:
(Main Office)
7700 Broadway
MERRILLVILLE, IN 46410
Phone:(219) 736-5767
Fax:(219) 736-4463
Website:https://www.profinancefcu.com
Branches:1 branch locations
Members:1,470
Credit Union Type:Federal Credit Union
Charter Number:2711
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1938
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$15,220,904
CEO/Manager:Lindsey M Hilley
Chairperson:Ivory Elkins

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 563,771
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,808,269
 Unsecured Loans 728,012
 Other Loans 3,380,670
 TOTAL LOANS 6,821,334
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,495
 Land And Building 151,910
 Other Fixed Assets 20,868
 NCUSIF Deposit 133,905
 All Other Assets 0
  TOTAL ASSETS 15,220,904
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 253,416
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,302,681
 Regular shares 8,164,218
 All Other Shares & Deposits 1,506,702
  TOTAL SHARES & DEPOSITS 11,973,601
  TOTAL LIABILITIES 12,227,017
 Regular Reserve 0
 Other Reserves 686,188
 Undivided Earnings 2,307,699
  TOTAL EQUITY 2,993,887
  TOTAL LIABILITIES, SHARES, & EQUITY 15,220,904
INCOME & EXPENSE  
 Loan Income 377,852
 Investment Income 156,352
 Other Income 69,882
 Total Employee Compensation & Benefits 261,813
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 368,109
 Non-operating Income & (Expense) 6,810
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 49,016
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -38,701
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