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FORTRESS FEDERAL CREDIT UNION

Jun, 30, 2024 — FORTRESS FEDERAL CREDIT UNION is a federal credit union headquartered in MARION, IN with 1 branch location and about $19.15 million in total assets. Opened 74 years ago in 1951, FORTRESS FEDERAL CREDIT UNION has about 2,048 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FORTRESS FEDERAL CREDIT UNION
Address:
(Main Office)
615 N Western Ave
MARION, IN 46952
Phone:(765) 668-3313
Fax:(765) 668-3319
Website:https://fortressfcu.org
Branches:1 branch locations
Members:2,048
Credit Union Type:Federal Credit Union
Charter Number:7392
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1951
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$19,151,487
CEO/Manager:Lisa A Blades
Chairperson:Paul Mittan

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,640,307
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 347,478
 Unsecured Loans 892,862
 Other Loans 8,279,918
 TOTAL LOANS 9,520,258
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,397
 Land And Building 401,925
 Other Fixed Assets 4,550
 NCUSIF Deposit 149,901
 All Other Assets 0
  TOTAL ASSETS 19,151,487
LIABILITIES & CAPITAL:  
 Dividends Payable 2,416
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 69,752
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,315,544
 Regular shares 5,328,130
 All Other Shares & Deposits 8,141,621
  TOTAL SHARES & DEPOSITS 15,785,295
  TOTAL LIABILITIES 15,857,463
 Regular Reserve 0
 Other Reserves 961,839
 Undivided Earnings 2,332,185
  TOTAL EQUITY 3,294,024
  TOTAL LIABILITIES, SHARES, & EQUITY 19,151,487
INCOME & EXPENSE  
 Loan Income 385,106
 Investment Income 38,744
 Other Income 98,334
 Total Employee Compensation & Benefits 233,401
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 240,824
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 55,948
 Cost of Funds 37,057
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 16,643
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