Jun, 30, 2024 — CROSSROADS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, IN with 4 branch locations and about $86.55 million in total assets. Opened 75 years ago in 1950, CROSSROADS FINANCIAL FEDERAL CREDIT UNION has about 9,203 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CROSSROADS FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1102 W Votaw ST PORTLAND, IN 47371 |
| Phone: | (260) 726-2142 |
| Fax: | (260) 726-6846 |
| Website: | https://www.crossroadsfcu.org |
| Branches: | 4 branch locations |
| Members: | 9,203 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7002 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $86,546,183 |
| CEO/Manager: | Donald C Gillespie |
| Chairperson: | Joday Auker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,185,915 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,714,259 |
| Unsecured Loans | 1,526,748 |
| Other Loans | 16,442,216 |
| TOTAL LOANS | 33,683,223 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -199,417 |
| Land And Building | 935,242 |
| Other Fixed Assets | 116,994 |
| NCUSIF Deposit | 703,671 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,546,183 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 49 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 631,630 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,097,204 |
| Regular shares | 47,706,317 |
| All Other Shares & Deposits | 9,046,132 |
| TOTAL SHARES & DEPOSITS | 77,849,653 |
| TOTAL LIABILITIES | 78,481,332 |
| Regular Reserve | 0 |
| Other Reserves | -155,130 |
| Undivided Earnings | 8,219,981 |
| TOTAL EQUITY | 8,064,851 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,546,183 |
| INCOME & EXPENSE | |
| Loan Income | 1,255,758 |
| Investment Income | 360,021 |
| Other Income | 281,453 |
| Total Employee Compensation & Benefits | 990,060 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 922,465 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,278 |
| Cost of Funds | 15,333 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 755,782 |
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