Dec, 31, 2023 — TECH CREDIT UNION is a federally insured state chartered credit union headquartered in CROWN POINT, IN with 11 branch locations and about $520.45 million in total assets. Opened 88 years ago in 1936, TECH CREDIT UNION has about 38,525 members and employs 148 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 |
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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: | 38,525 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68225 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $520,445,907 |
CEO/Manager: | Eugene R Novello |
Chairperson: | Joseph A Machara |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,511,240 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 900,949 |
Real Estate Loans | 284,207,761 |
Unsecured Loans | 4,448,748 |
Other Loans | 159,004,258 |
TOTAL LOANS | 447,699,019 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,908,835 |
Land And Building | 20,151,718 |
Other Fixed Assets | 4,017,921 |
NCUSIF Deposit | 4,553,825 |
All Other Assets | 209,372 |
TOTAL ASSETS | 520,445,907 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | -162,709 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 75,996,835 |
Regular shares | 198,485,921 |
All Other Shares & Deposits | 188,130,632 |
TOTAL SHARES & DEPOSITS | 462,613,388 |
TOTAL LIABILITIES | 472,450,679 |
Regular Reserve | 0 |
Other Reserves | 9,239,922 |
Undivided Earnings | 38,755,306 |
TOTAL EQUITY | 47,995,228 |
TOTAL LIABILITIES, SHARES, & EQUITY | 520,445,907 |
INCOME & EXPENSE | |
Loan Income | 20,122,608 |
Investment Income | 1,090,237 |
Other Income | 2,542,214 |
Total Employee Compensation & Benefits | 12,062,976 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,066,136 |
Non-operating Income & (Expense) | 3,308,060 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 473,787 |
Cost of Funds | 5,708,779 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,844,335 |
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