Sep, 30, 2025 — MEMBERS SOURCE CREDIT UNION is a federally insured state chartered credit union headquartered in MERRILLVILLE, IN with 3 branch locations and about $93.27 million in total assets. Opened 91 years ago in 1935, MEMBERS SOURCE CREDIT UNION has about 6,067 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS SOURCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 8580 Virginia St MERRILLVILLE, IN 46410 |
| Phone: | (219) 756-4141 |
| Fax: | (219) 756-4120 |
| Website: | https://www.ms-cu.com |
| Branches: | 3 branch locations |
| Members: | 6,067 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68562 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $93,265,029 |
| CEO/Manager: | James E Falls |
| Chairperson: | Jeffrey Perz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,806,249 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,831,732 |
| Unsecured Loans | 1,942,807 |
| Other Loans | 12,534,465 |
| TOTAL LOANS | 49,309,003 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -410,782 |
| Land And Building | 1,593,253 |
| Other Fixed Assets | 48,159 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 786,388 |
| All Other Assets | 0 |
| TOTAL ASSETS | 93,265,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,976 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 375,247 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,596,475 |
| Regular shares | 37,906,391 |
| All Other Shares & Deposits | 32,134,796 |
| TOTAL SHARES & DEPOSITS | 80,637,662 |
| TOTAL LIABILITIES | 81,041,885 |
| Regular Reserve | 0 |
| Other Reserves | 246,632 |
| Undivided Earnings | 11,976,512 |
| TOTAL EQUITY | 12,223,144 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,265,029 |
| INCOME & EXPENSE | |
| Loan Income | 1,956,529 |
| Investment Income | 954,690 |
| Other Income | 289,672 |
| Total Employee Compensation & Benefits | 1,152,937 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,248,583 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 221,828 |
| Cost of Funds | 635,885 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 253,156 |
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