Sep, 30, 2025 — TECH CREDIT UNION is a federally insured state chartered credit union headquartered in CROWN POINT, IN with 11 branch locations and about $565.95 million in total assets. Opened 90 years ago in 1936, TECH CREDIT UNION has about 38,059 members and employs 147 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TECH CREDIT UNION |
|---|---|
| Address: (Main Office) | 10110 Randolph St CROWN POINT, IN 46307-9469 |
| Phone: | (219) 663-5120 |
| Fax: | (219) 662-3533 |
| Website: | https://www.techcu.org |
| Branches: | 11 branch locations |
| Members: | 38,059 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68225 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $565,954,786 |
| CEO/Manager: | Eugene R Novello |
| Chairperson: | Joseph A Machara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,989,648 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 409,500 |
| Real Estate Loans | 320,929,533 |
| Unsecured Loans | 3,971,739 |
| Other Loans | 148,585,210 |
| TOTAL LOANS | 473,486,482 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,249,184 |
| Land And Building | 19,543,860 |
| Other Fixed Assets | 3,715,282 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,689,441 |
| All Other Assets | 328,016 |
| TOTAL ASSETS | 565,954,786 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,572,896 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 97,078,395 |
| Regular shares | 196,958,216 |
| All Other Shares & Deposits | 220,694,436 |
| TOTAL SHARES & DEPOSITS | 514,731,048 |
| TOTAL LIABILITIES | 517,331,878 |
| Regular Reserve | 0 |
| Other Reserves | 9,451,286 |
| Undivided Earnings | 39,171,622 |
| TOTAL EQUITY | 48,622,908 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 565,954,786 |
| INCOME & EXPENSE | |
| Loan Income | 18,920,589 |
| Investment Income | 1,888,542 |
| Other Income | 2,202,686 |
| Total Employee Compensation & Benefits | 9,992,868 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,414,993 |
| Non-operating Income & (Expense) | 3,707 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 808,030 |
| Cost of Funds | 6,439,165 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,310,922 |
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