Dec, 31, 2023 — EASTERN INDIANA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, IN with 1 branch location and about $37.31 million in total assets. Opened 74 years ago in 1950, EASTERN INDIANA FEDERAL CREDIT UNION has about 5,283 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EASTERN INDIANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 801 S Memorial Dr NEW CASTLE, IN 47362 |
| Phone: | (765) 529-6632 |
| Fax: | (765) 521-7007 |
| Website: | https://www.easterninfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,283 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7066 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,308,112 |
| CEO/Manager: | Leah Combs |
| Chairperson: | Garon P Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,607,131 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,207,394 |
| Unsecured Loans | 752,744 |
| Other Loans | 14,145,304 |
| TOTAL LOANS | 22,105,442 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -207,810 |
| Land And Building | 511,991 |
| Other Fixed Assets | 73,788 |
| NCUSIF Deposit | 352,169 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,308,112 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,736 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 150,162 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,504,157 |
| Regular shares | 23,810,123 |
| All Other Shares & Deposits | 1,756,362 |
| TOTAL SHARES & DEPOSITS | 33,070,642 |
| TOTAL LIABILITIES | 33,229,540 |
| Regular Reserve | 0 |
| Other Reserves | 654,704 |
| Undivided Earnings | 3,423,868 |
| TOTAL EQUITY | 4,078,572 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,308,112 |
| INCOME & EXPENSE | |
| Loan Income | 1,283,773 |
| Investment Income | 368,065 |
| Other Income | 265,540 |
| Total Employee Compensation & Benefits | 691,440 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 817,845 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 122,612 |
| Cost of Funds | 28,771 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 579,991 |
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