Dec, 31, 2023 — CRANE CREDIT UNION is a federally insured state chartered credit union headquartered in ODON, IN with 19 branch locations and about $1.04 billion in total assets. Opened 69 years ago in 1955, CRANE CREDIT UNION has about 68,114 members and employs 202 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: | 68,114 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,038,214,656 |
| CEO/Manager: | Kevin L Sparks |
| Chairperson: | Gary E Gray, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 88,982,478 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,384,119 |
| Real Estate Loans | 416,190,454 |
| Unsecured Loans | 31,146,307 |
| Other Loans | 298,575,189 |
| TOTAL LOANS | 745,911,951 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,180,289 |
| Land And Building | 9,567,291 |
| Other Fixed Assets | 2,167,844 |
| NCUSIF Deposit | 7,501,448 |
| All Other Assets | 545,072 |
| TOTAL ASSETS | 1,038,214,656 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 182 |
| Notes & Interest Payable | 126,077,948 |
| Accounts Payable & Other Liabilities | 139,463 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 222,937,045 |
| Regular shares | 338,419,873 |
| All Other Shares & Deposits | 251,891,461 |
| TOTAL SHARES & DEPOSITS | 813,248,379 |
| TOTAL LIABILITIES | 939,986,793 |
| Regular Reserve | 0 |
| Other Reserves | 15,099,220 |
| Undivided Earnings | 83,128,643 |
| TOTAL EQUITY | 98,227,863 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,038,214,656 |
| INCOME & EXPENSE | |
| Loan Income | 35,319,966 |
| Investment Income | 6,529,803 |
| Other Income | 2,977,843 |
| Total Employee Compensation & Benefits | 13,987,779 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,562,717 |
| Non-operating Income & (Expense) | 15,717 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,379,624 |
| Cost of Funds | 10,054,672 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,764,900 |
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