Dec, 31, 2021 — POWER ONE FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 5 branch locations and about $18.29 million in total assets. Opened 87 years ago in 1935, POWER ONE FEDERAL CREDIT UNION has about 1,469 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POWER ONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1520 Spy Run Ave FORT WAYNE, IN 46805-4031 |
Phone: | (260) 425-2324 |
Fax: | (260) 421-1565 |
Website: | http://poweronefcu.org |
Branches: | 5 branch locations |
Members: | 1,469 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 620 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,286,907 |
CEO/Manager: | Brett A Cain |
Chairperson: | Wally Vandagriff |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,456,591 |
TOTAL INVESTMENTS | 2,767,896 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,338,245 |
Unsecured Loans | 2,257,743 |
Other Loans | 5,321,774 |
TOTAL LOANS | 12,917,762 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,398 |
Land And Building | 33,526 |
Other Fixed Assets | 41,495 |
NCUSIF Deposit | 148,966 |
All Other Assets | 103,069 |
TOTAL ASSETS | 18,286,907 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,400 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,696,212 |
Regular shares | 10,007,709 |
All Other Shares & Deposits | 2,300,540 |
TOTAL SHARES & DEPOSITS | 16,004,461 |
TOTAL LIABILITIES | 16,036,861 |
Regular Reserve | 193,880 |
Other Reserves | 0 |
Undivided Earnings | 2,056,166 |
TOTAL EQUITY | 2,250,046 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,286,907 |
INCOME & EXPENSE | |
Loan Income | 614,741 |
Investment Income | 45,398 |
Other Income | 93,975 |
Total Employee Compensation & Benefits | 358,544 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 295,423 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,500 |
Cost of Funds | 26,541 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 218,978 |
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