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BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION

Jun, 30, 2021 — BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION is a non-federally insured state credit union headquartered in BLUFFTON, IN with 1 branch location and about $1.19 million in total assets. Opened 69 years ago in 1952, BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION has about 239 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION
Address:
(Main Office)
410 E SPRING ST
BLUFFTON, IN 46714-3737
Phone:(260) 827-2213
Fax:(260) 827-2214
Website:n/a
Branches:1 branch locations
Members:239
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:82753
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,189,730
CEO/Manager:KATHY DURHAM
Chairperson:TIMOTHY WYATT

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 144,405
TOTAL INVESTMENTS 900,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 105,244
 Other Loans 28,736
 TOTAL LOANS 133,980
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,685
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 0
 All Other Assets 15,030
  TOTAL ASSETS 1,189,730
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,595
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 942,963
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 942,963
  TOTAL LIABILITIES 955,558
 Regular Reserve 95,067
 Other Reserves 0
 Undivided Earnings 139,105
  TOTAL EQUITY 234,172
  TOTAL LIABILITIES, SHARES, & EQUITY 1,189,730
INCOME & EXPENSE  
 Loan Income 7,991
 Investment Income 4,560
 Other Income 9
 Total Employee Compensation & Benefits 13,111
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,289
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,068
 Cost of Funds 124
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,029
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