Jun, 30, 2024 — CRANE CREDIT UNION is a federally insured state chartered credit union headquartered in ODON, IN with 19 branch locations and about $968.66 million in total assets. Opened 70 years ago in 1955, CRANE CREDIT UNION has about 65,095 members and employs 195 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CRANE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 W Gate Dr ODON, IN 47562 |
| Phone: | (812) 863-7000 |
| Fax: | (812) 863-7010 |
| Website: | https://www.cranecu.org |
| Branches: | 19 branch locations |
| Members: | 65,095 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68672 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $968,657,928 |
| CEO/Manager: | Kevin L Sparks |
| Chairperson: | Gary E Gray, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,718,915 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 5,627,572 |
| Real Estate Loans | 369,769,243 |
| Unsecured Loans | 26,887,970 |
| Other Loans | 295,806,197 |
| TOTAL LOANS | 692,463,410 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,608,642 |
| Land And Building | 9,752,424 |
| Other Fixed Assets | 2,495,640 |
| NCUSIF Deposit | 7,316,829 |
| All Other Assets | 404,900 |
| TOTAL ASSETS | 968,657,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,544 |
| Notes & Interest Payable | 37,107,927 |
| Accounts Payable & Other Liabilities | 2,359,613 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 231,703,338 |
| Regular shares | 385,974,592 |
| All Other Shares & Deposits | 228,180,676 |
| TOTAL SHARES & DEPOSITS | 845,858,606 |
| TOTAL LIABILITIES | 885,327,690 |
| Regular Reserve | 0 |
| Other Reserves | 1,582,576 |
| Undivided Earnings | 81,747,662 |
| TOTAL EQUITY | 83,330,238 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 968,657,928 |
| INCOME & EXPENSE | |
| Loan Income | 19,342,176 |
| Investment Income | 2,151,988 |
| Other Income | 2,264,540 |
| Total Employee Compensation & Benefits | 9,238,178 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,798,828 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 981,425 |
| Cost of Funds | 1,716,119 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,384,921 |
| ↑ Back to Top | |