Jun, 30, 2024 — ENCOMPASS FEDERAL CREDIT UNION is a federal credit union headquartered in TIPTON, IN with 4 branch locations and about $245.06 million in total assets. Opened 72 years ago in 1953, ENCOMPASS FEDERAL CREDIT UNION has about 16,834 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ENCOMPASS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 221 N Main St TIPTON, IN 46072-1636 |
| Phone: | (800) 675-8852 |
| Fax: | (765) 675-1183 |
| Website: | https://www.encompasscu.org |
| Branches: | 4 branch locations |
| Members: | 16,834 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8548 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $245,057,859 |
| CEO/Manager: | Matthew R Lambert |
| Chairperson: | Gregory M Sottong |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,767,758 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 83,724,324 |
| Unsecured Loans | 7,953,277 |
| Other Loans | 90,205,181 |
| TOTAL LOANS | 183,701,188 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,782,672 |
| Land And Building | 10,268,483 |
| Other Fixed Assets | 401,678 |
| NCUSIF Deposit | 1,882,507 |
| All Other Assets | 0 |
| TOTAL ASSETS | 245,057,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,531,956 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,614,251 |
| Regular shares | 87,535,825 |
| All Other Shares & Deposits | 87,166,854 |
| TOTAL SHARES & DEPOSITS | 219,316,930 |
| TOTAL LIABILITIES | 220,848,886 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 24,208,973 |
| TOTAL EQUITY | 24,208,973 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 245,057,859 |
| INCOME & EXPENSE | |
| Loan Income | 7,562,498 |
| Investment Income | 409,187 |
| Other Income | 1,159,815 |
| Total Employee Compensation & Benefits | 3,442,364 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,301,557 |
| Non-operating Income & (Expense) | -11,367 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,619,955 |
| Cost of Funds | 1,144,769 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,238,968 |
| ↑ Back to Top | |