Jun, 30, 2024 — 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 $1.18 million in total assets. Opened 72 years ago in 1952, BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION has about 232 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: | 232 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,177,988 |
| CEO/Manager: | KATHY DURHAM |
| Chairperson: | TIMOTHY WYATT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 76,202 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 90,598 |
| Other Loans | 107,560 |
| TOTAL LOANS | 198,158 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,287 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,177,988 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,766 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 966,252 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 966,252 |
| TOTAL LIABILITIES | 969,018 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 208,970 |
| TOTAL EQUITY | 208,970 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,177,988 |
| INCOME & EXPENSE | |
| Loan Income | 10,618 |
| Investment Income | 2,031 |
| Other Income | 22 |
| Total Employee Compensation & Benefits | 22,896 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,216 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,088 |
| Cost of Funds | 183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,068 |
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