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TIPPECANOE FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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