Jun, 30, 2024 — TIPPECANOE FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, IN with 1 branch location and about $18.24 million in total assets. Opened 72 years ago in 1953, TIPPECANOE FEDERAL CREDIT UNION has about 1,292 members and employs 4 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 |
|---|---|
| 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: | 1,292 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8654 |
|---|---|
| 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: | $18,244,178 |
| CEO/Manager: | Brooke Brigham |
| Chairperson: | russell clark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 622,613 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,531 |
| Unsecured Loans | 1,798,444 |
| Other Loans | 4,453,167 |
| TOTAL LOANS | 6,258,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,428 |
| Land And Building | 0 |
| Other Fixed Assets | 75,469 |
| NCUSIF Deposit | 148,435 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,244,178 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 92,070 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,231,806 |
| Regular shares | 1,549,004 |
| All Other Shares & Deposits | 12,547,896 |
| TOTAL SHARES & DEPOSITS | 16,328,706 |
| TOTAL LIABILITIES | 16,420,776 |
| Regular Reserve | 0 |
| Other Reserves | 275,000 |
| Undivided Earnings | 1,548,402 |
| TOTAL EQUITY | 1,823,402 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,244,178 |
| INCOME & EXPENSE | |
| Loan Income | 248,407 |
| Investment Income | 41,204 |
| Other Income | 22,026 |
| Total Employee Compensation & Benefits | 151,124 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 149,329 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 59,778 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,096 |
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