Sep, 30, 2025 — FIRST TRUST CREDIT UNION is a federally insured state chartered credit union headquartered in MICHIGAN CITY, IN with 4 branch locations and about $180.61 million in total assets. Opened 67 years ago in 1959, FIRST TRUST CREDIT UNION has about 14,743 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST TRUST CREDIT UNION |
|---|---|
| Address: (Main Office) | 950 E US Highway 20 MICHIGAN CITY, IN 46360-7470 |
| Phone: | (800) 276-6161 |
| Fax: | (219) 873-1331 |
| Website: | https://www.firsttrustcu.com |
| Branches: | 4 branch locations |
| Members: | 14,743 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68596 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $180,609,674 |
| CEO/Manager: | Kim Kniola |
| Chairperson: | Robert Tillema |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,124,788 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,559,370 |
| Unsecured Loans | 1,918,518 |
| Other Loans | 20,280,695 |
| TOTAL LOANS | 49,758,583 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -744,797 |
| Land And Building | 1,924,718 |
| Other Fixed Assets | 394,909 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,517,983 |
| All Other Assets | 9,170 |
| TOTAL ASSETS | 180,609,674 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 109,346 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 339,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,149,159 |
| Regular shares | 65,384,176 |
| All Other Shares & Deposits | 56,962,804 |
| TOTAL SHARES & DEPOSITS | 156,496,138 |
| TOTAL LIABILITIES | 156,945,603 |
| Regular Reserve | 0 |
| Other Reserves | 400,000 |
| Undivided Earnings | 23,264,071 |
| TOTAL EQUITY | 23,664,071 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 180,609,674 |
| INCOME & EXPENSE | |
| Loan Income | 2,218,627 |
| Investment Income | 3,625,470 |
| Other Income | 673,994 |
| Total Employee Compensation & Benefits | 1,847,543 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,063,076 |
| Non-operating Income & (Expense) | 69,098 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 171,716 |
| Cost of Funds | 1,279,401 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,198,972 |
| ↑ Back to Top | |