Jun, 30, 2024 — INDIANA MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 31 branch locations and about $2.93 billion in total assets. Opened 69 years ago in 1956, INDIANA MEMBERS CREDIT UNION has about 154,549 members and employs 391 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDIANA MEMBERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 5103 Madison Ave INDIANAPOLIS, IN 46227-4239 |
| Phone: | (317) 788-0366 |
| Fax: | (317) 784-4778 |
| Website: | https://www.imcu.org |
| Branches: | 31 branch locations |
| Members: | 154,549 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68259 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,927,459,023 |
| CEO/Manager: | Ron Collier |
| Chairperson: | Robert E Martin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 177,696,039 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,040,880 |
| Real Estate Loans | 955,873,309 |
| Unsecured Loans | 43,006,795 |
| Other Loans | 565,426,368 |
| TOTAL LOANS | 1,565,354,148 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,137,831 |
| Land And Building | 53,014,508 |
| Other Fixed Assets | 5,410,202 |
| NCUSIF Deposit | 21,166,796 |
| All Other Assets | 375,623 |
| TOTAL ASSETS | 2,927,459,023 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 54,669,933 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 706,443,591 |
| Regular shares | 696,176,409 |
| All Other Shares & Deposits | 1,278,711,829 |
| TOTAL SHARES & DEPOSITS | 2,681,331,829 |
| TOTAL LIABILITIES | 2,776,001,762 |
| Regular Reserve | 0 |
| Other Reserves | -131,643,965 |
| Undivided Earnings | 283,101,226 |
| TOTAL EQUITY | 151,457,261 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,927,459,023 |
| INCOME & EXPENSE | |
| Loan Income | 44,015,744 |
| Investment Income | 15,696,843 |
| Other Income | 7,786,487 |
| Total Employee Compensation & Benefits | 30,968,497 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,442,544 |
| Non-operating Income & (Expense) | 110,927 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 450,000 |
| Cost of Funds | 8,676,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,646,744 |
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