Sep, 30, 2025 — CHIPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in ELKHART, IN with 6 branch locations and about $110.58 million in total assets. Opened 79 years ago in 1947, CHIPHONE FEDERAL CREDIT UNION has about 8,993 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHIPHONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 710 N WILDWOOD AVE ELKHART, IN 46514-1876 |
| Phone: | (574) 294-3606 |
| Fax: | (574) 295-0294 |
| Website: | https://www.chiphone.org |
| Branches: | 6 branch locations |
| Members: | 8,993 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5422 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $110,575,584 |
| CEO/Manager: | TRAVIS MAZUR |
| Chairperson: | TERRY MILLER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,889,987 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,352,315 |
| Unsecured Loans | 4,351,800 |
| Other Loans | 21,462,939 |
| TOTAL LOANS | 43,167,054 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,349,779 |
| Land And Building | 2,076,962 |
| Other Fixed Assets | 165,064 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 869,168 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,575,584 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,541 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 665,775 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,391,020 |
| Regular shares | 46,052,746 |
| All Other Shares & Deposits | 25,590,990 |
| TOTAL SHARES & DEPOSITS | 92,034,755 |
| TOTAL LIABILITIES | 92,721,071 |
| Regular Reserve | 0 |
| Other Reserves | 45,177 |
| Undivided Earnings | 17,809,336 |
| TOTAL EQUITY | 17,854,513 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,575,584 |
| INCOME & EXPENSE | |
| Loan Income | 2,068,899 |
| Investment Income | 1,762,212 |
| Other Income | 808,205 |
| Total Employee Compensation & Benefits | 1,685,263 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,061,752 |
| Non-operating Income & (Expense) | 83,885 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 771,747 |
| Cost of Funds | 480,835 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 521,707 |
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