Jun, 30, 2024 — WESTERN INDIANA CREDIT UNION is a non-federally insured state credit union headquartered in SULLIVAN, IN with 2 branch locations and about $38.35 million in total assets. Opened 93 years ago in 1932, WESTERN INDIANA CREDIT UNION has about 2,825 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTERN INDIANA CREDIT UNION |
|---|---|
| Address: (Main Office) | 949 W State Road 154 SULLIVAN, IN 47882-7115 |
| Phone: | (812) 268-1196 |
| Fax: | (812) 268-8677 |
| Website: | https://www.westernindianacu.com |
| Branches: | 2 branch locations |
| Members: | 2,825 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 82789 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Apr 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,346,054 |
| CEO/Manager: | Mitzi J Perkinson |
| Chairperson: | Rusty D Sinders |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,872,874 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,787,455 |
| Unsecured Loans | 264,939 |
| Other Loans | 11,368,880 |
| TOTAL LOANS | 29,421,274 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,334 |
| Land And Building | 760,500 |
| Other Fixed Assets | 29,328 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,346,054 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,450 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 76,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,892,213 |
| Regular shares | 6,030,810 |
| All Other Shares & Deposits | 6,474,855 |
| TOTAL SHARES & DEPOSITS | 33,397,878 |
| TOTAL LIABILITIES | 33,481,291 |
| Regular Reserve | 0 |
| Other Reserves | 1,301,507 |
| Undivided Earnings | 3,563,256 |
| TOTAL EQUITY | 4,864,763 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,346,054 |
| INCOME & EXPENSE | |
| Loan Income | 1,026,071 |
| Investment Income | 18,647 |
| Other Income | 82,877 |
| Total Employee Compensation & Benefits | 413,473 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 535,764 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 50,273 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 346,497 |
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