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FORTRESS FEDERAL CREDIT UNION

Dec, 31, 2021 — FORTRESS FEDERAL CREDIT UNION is a federal credit union headquartered in MARION, IN with 1 branch location and about $18.98 million in total assets. Opened 71 years ago in 1951, FORTRESS FEDERAL CREDIT UNION has about 2,145 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:http://fortressfcu.org
Branches:1 branch locations
Members:2,145
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:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$18,977,105
CEO/Manager:Lisa A Blades
Chairperson:Paul Mittan

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,124,339
TOTAL INVESTMENTS 6,011,000
Loans Held for Sale 0
 
 Real Estate Loans 415,164
 Unsecured Loans 991,226
 Other Loans 8,239,938
 TOTAL LOANS 9,646,328
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,776
 Land And Building 413,347
 Other Fixed Assets 11,878
 NCUSIF Deposit 137,459
 All Other Assets 713,530
  TOTAL ASSETS 18,977,105
LIABILITIES & CAPITAL:  
 Dividends Payable 5,155
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 86,833
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,158,259
 Regular shares 5,099,444
 All Other Shares & Deposits 8,350,033
  TOTAL SHARES & DEPOSITS 15,607,736
  TOTAL LIABILITIES 15,699,724
 Regular Reserve 961,839
 Other Reserves 0
 Undivided Earnings 2,315,542
  TOTAL EQUITY 3,277,381
  TOTAL LIABILITIES, SHARES, & EQUITY 18,977,105
INCOME & EXPENSE  
 Loan Income 575,064
 Investment Income 15,297
 Other Income 134,462
 Total Employee Compensation & Benefits 317,088
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 377,272
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -58,031
 Cost of Funds 67,126
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 189,440
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