Jun, 30, 2024 — THRIVE FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 3 branch locations and about $85.51 million in total assets. Opened 85 years ago in 1940, THRIVE FEDERAL CREDIT UNION has about 7,622 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THRIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4501 S Delaware Dr MUNCIE, IN 47302-9405 |
| Phone: | (765) 284-1015 |
| Fax: | (765) 284-2542 |
| Website: | https://www.thrivecu.org |
| Branches: | 3 branch locations |
| Members: | 7,622 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3631 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Aug 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,509,068 |
| CEO/Manager: | Brett A Rinker |
| Chairperson: | Gary H Niccum |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,674,024 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,352,076 |
| Unsecured Loans | 3,875,610 |
| Other Loans | 24,739,976 |
| TOTAL LOANS | 52,967,662 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -247,522 |
| Land And Building | 2,099,890 |
| Other Fixed Assets | 199,050 |
| NCUSIF Deposit | 701,824 |
| All Other Assets | 0 |
| TOTAL ASSETS | 85,509,068 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,386 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 474,134 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,463,093 |
| Regular shares | 37,948,729 |
| All Other Shares & Deposits | 23,320,979 |
| TOTAL SHARES & DEPOSITS | 76,732,801 |
| TOTAL LIABILITIES | 77,216,321 |
| Regular Reserve | 0 |
| Other Reserves | -882,615 |
| Undivided Earnings | 9,175,362 |
| TOTAL EQUITY | 8,292,747 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,509,068 |
| INCOME & EXPENSE | |
| Loan Income | 1,988,953 |
| Investment Income | 189,414 |
| Other Income | 885,114 |
| Total Employee Compensation & Benefits | 1,237,109 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,174,473 |
| Non-operating Income & (Expense) | 243,920 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,601 |
| Cost of Funds | 191,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 941,450 |
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