Dec, 31, 2023 — HARVESTER FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 2 branch locations and about $66.60 million in total assets. Opened 70 years ago in 1954, HARVESTER FINANCIAL CREDIT UNION has about 5,271 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARVESTER FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7020 Brookville Rd INDIANAPOLIS, IN 46239 |
| Phone: | (317) 352-0455 |
| Fax: | (317) 351-2351 |
| Website: | https://www.harvesterfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,271 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68584 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $66,597,696 |
| CEO/Manager: | Jason Ford |
| Chairperson: | Jerry R Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,625,088 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,047,525 |
| Unsecured Loans | 4,112,129 |
| Other Loans | 21,377,573 |
| TOTAL LOANS | 39,537,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -376,875 |
| Land And Building | 1,323,348 |
| Other Fixed Assets | 146,713 |
| NCUSIF Deposit | 638,524 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,597,696 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,122 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 487,474 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,786,238 |
| Regular shares | 25,825,545 |
| All Other Shares & Deposits | 20,569,213 |
| TOTAL SHARES & DEPOSITS | 60,180,995 |
| TOTAL LIABILITIES | 60,670,591 |
| Regular Reserve | 0 |
| Other Reserves | 62,740 |
| Undivided Earnings | 5,864,365 |
| TOTAL EQUITY | 5,927,105 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,597,696 |
| INCOME & EXPENSE | |
| Loan Income | 1,929,736 |
| Investment Income | 666,460 |
| Other Income | 331,256 |
| Total Employee Compensation & Benefits | 1,465,257 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,554,677 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 315,302 |
| Cost of Funds | 189,730 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,235 |
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