Dec, 31, 2023 — TIPPECANOE FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, IN with 1 branch location and about $13.92 million in total assets. Opened 71 years ago in 1953, TIPPECANOE FEDERAL CREDIT UNION has about 1,302 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TIPPECANOE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3450 south st LAFAYETTE, IN 47905 |
Phone: | (765) 448-1158 |
Fax: | (765) 448-6901 |
Website: | https://www.tippecanoefcu.com |
Branches: | 1 branch locations |
Members: | 1,302 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8654 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,917,178 |
CEO/Manager: | Brooke Brigham |
Chairperson: | russell clark |
ASSETS: | $ Amount |
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Cash & Equivalents | 356,069 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 289 |
Unsecured Loans | 2,032,302 |
Other Loans | 4,843,060 |
TOTAL LOANS | 6,875,649 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,113 |
Land And Building | 0 |
Other Fixed Assets | 50,863 |
NCUSIF Deposit | 143,568 |
All Other Assets | 0 |
TOTAL ASSETS | 13,917,178 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 83,051 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,277,034 |
Regular shares | 1,519,937 |
All Other Shares & Deposits | 8,307,774 |
TOTAL SHARES & DEPOSITS | 12,104,744 |
TOTAL LIABILITIES | 12,187,795 |
Regular Reserve | 0 |
Other Reserves | 275,000 |
Undivided Earnings | 1,454,383 |
TOTAL EQUITY | 1,729,383 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,917,178 |
INCOME & EXPENSE | |
Loan Income | 399,636 |
Investment Income | 71,943 |
Other Income | 34,495 |
Total Employee Compensation & Benefits | 215,366 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 230,531 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,500 |
Cost of Funds | 213,586 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -94,313 |
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» See also Statement of Financial Condition