Jun, 30, 2024 — INDIANA UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in BLOOMINGTON, IN with 8 branch locations and about $1.55 billion in total assets. Opened 68 years ago in 1956, INDIANA UNIVERSITY CREDIT UNION has about 68,431 members and employs 209 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 UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 E Winslow Rd BLOOMINGTON, IN 47401 |
| Phone: | (812) 855-7823 |
| Fax: | |
| Website: | https://www.iucu.org |
| Branches: | 8 branch locations |
| Members: | 68,431 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68577 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,551,290,611 |
| CEO/Manager: | Bryan Price |
| Chairperson: | Dennis Cromwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 90,256,234 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 806,078,823 |
| Unsecured Loans | 22,250,815 |
| Other Loans | 278,022,638 |
| TOTAL LOANS | 1,111,300,884 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,160,000 |
| Land And Building | 13,973,435 |
| Other Fixed Assets | 3,918,215 |
| NCUSIF Deposit | 11,682,329 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,551,290,611 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 11,775,054 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 262,246,499 |
| Regular shares | 386,970,600 |
| All Other Shares & Deposits | 672,487,273 |
| TOTAL SHARES & DEPOSITS | 1,321,704,372 |
| TOTAL LIABILITIES | 1,383,479,426 |
| Regular Reserve | 0 |
| Other Reserves | 44,479,146 |
| Undivided Earnings | 123,332,039 |
| TOTAL EQUITY | 167,811,185 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,551,290,611 |
| INCOME & EXPENSE | |
| Loan Income | 28,333,814 |
| Investment Income | 2,666,648 |
| Other Income | 2,652,738 |
| Total Employee Compensation & Benefits | 13,759,901 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,395,928 |
| Non-operating Income & (Expense) | 74,213 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 444,505 |
| Cost of Funds | 3,343,638 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,832,497 |
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