Jun, 30, 2024 — CHIPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in ELKHART, IN with 6 branch locations and about $120.71 million in total assets. Opened 78 years ago in 1947, CHIPHONE FEDERAL CREDIT UNION has about 9,670 members and employs 41 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: | 9,670 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $120,706,062 |
| CEO/Manager: | TRAVIS MAZUR |
| Chairperson: | TERRY MILLER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,917,726 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,506,313 |
| Unsecured Loans | 3,859,685 |
| Other Loans | 26,961,537 |
| TOTAL LOANS | 49,327,535 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -694,824 |
| Land And Building | 2,341,788 |
| Other Fixed Assets | 29,653 |
| NCUSIF Deposit | 966,660 |
| All Other Assets | 62,706 |
| TOTAL ASSETS | 120,706,062 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,339 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 941,280 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,406,753 |
| Regular shares | 59,776,710 |
| All Other Shares & Deposits | 20,084,684 |
| TOTAL SHARES & DEPOSITS | 103,268,147 |
| TOTAL LIABILITIES | 104,212,766 |
| Regular Reserve | 0 |
| Other Reserves | 45,177 |
| Undivided Earnings | 16,448,119 |
| TOTAL EQUITY | 16,493,296 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,706,062 |
| INCOME & EXPENSE | |
| Loan Income | 1,966,834 |
| Investment Income | 373,839 |
| Other Income | 830,942 |
| Total Employee Compensation & Benefits | 1,525,510 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,690,798 |
| Non-operating Income & (Expense) | -2,814 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 104,886 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 714,510 |
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