Jun, 30, 2024 — INDIANAPOLIS POST OFFICE CREDIT UNION is a non-federally insured state credit union headquartered in Indianapolis, IN with 1 branch location and about $58.89 million in total assets. Opened 98 years ago in 1927, INDIANAPOLIS POST OFFICE CREDIT UNION has about 3,423 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: | INDIANAPOLIS POST OFFICE CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 724 Indianapolis, IN 46206 |
| Phone: | (317) 262-1870 |
| Fax: | (317) 262-1869 |
| Website: | https://ipocu.org |
| Branches: | 1 branch locations |
| Members: | 3,423 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 82770 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1927 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,888,083 |
| CEO/Manager: | Lisa M Tucker |
| Chairperson: | Robin M Bankhead |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,607,138 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,222,231 |
| Other Loans | 9,367,402 |
| TOTAL LOANS | 10,589,633 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,537 |
| Land And Building | 0 |
| Other Fixed Assets | 8,767 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,888,083 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 440,749 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,950,326 |
| Regular shares | 45,638,293 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 47,588,619 |
| TOTAL LIABILITIES | 48,029,368 |
| Regular Reserve | 0 |
| Other Reserves | -794,455 |
| Undivided Earnings | 11,653,170 |
| TOTAL EQUITY | 10,858,715 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,888,083 |
| INCOME & EXPENSE | |
| Loan Income | 319,090 |
| Investment Income | 483,587 |
| Other Income | 42,150 |
| Total Employee Compensation & Benefits | 539,272 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 242,675 |
| Non-operating Income & (Expense) | 104,839 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 101,910 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 65,809 |
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