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HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HOBART, IN with 1 branch location and about $2.79 million in total assets. Opened 69 years ago in 1952, HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 408 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2211 E 10TH ST
HOBART, IN 46342-5313
Phone:(219) 942-3939
Fax:(219) 942-3326
Website:n/a
Branches:1 branch locations
Members:408
Credit Union Type:Federal Credit Union
Charter Number:8255
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,786,414
CEO/Manager:Don Hancock
Chairperson:Colin May

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,404,295
TOTAL INVESTMENTS 5,430
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 285,984
 Other Loans 1,089,597
 TOTAL LOANS 1,375,581
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,655
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 17,852
 All Other Assets 3,911
  TOTAL ASSETS 2,786,414
LIABILITIES & CAPITAL:  
 Dividends Payable 4,203
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 886
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,128,863
 All Other Shares & Deposits 415,880
  TOTAL SHARES & DEPOSITS 2,544,743
  TOTAL LIABILITIES 2,549,832
 Regular Reserve 52,825
 Other Reserves 0
 Undivided Earnings 183,757
  TOTAL EQUITY 236,582
  TOTAL LIABILITIES, SHARES, & EQUITY 2,786,414
INCOME & EXPENSE  
 Loan Income 16,394
 Investment Income 446
 Other Income 59
 Total Employee Compensation & Benefits 6,233
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,631
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,359
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,676
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