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SOLIDARITY COMMUNITY FEDERAL CREDIT UNION

Sep, 30, 2025 — SOLIDARITY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 2 branch locations and about $345.47 million in total assets. Opened 72 years ago in 1954, SOLIDARITY COMMUNITY FEDERAL CREDIT UNION has about 24,131 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOLIDARITY COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
201 E Southway Blvd
KOKOMO, IN 46902-3677
Phone:(765) 453-4020
Fax:(765) 453-1572
Website:https://www.solfcu.org/
Branches:2 branch locations
Members:24,131
Credit Union Type:Federal Credit Union
Charter Number:9923
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2025
FHLB Member:Yes
Low Income Designation:No
Assets:$345,473,573
CEO/Manager:Amy Benner
Chairperson:Glenn Rodgers

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 26,812,478
TOTAL INVESTMENTS 0
Loans Held for Sale 455,220
 
 Real Estate Loans 49,817,284
 Unsecured Loans 9,939,200
 Other Loans 135,690,482
 TOTAL LOANS 195,446,966
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,097,961
 Land And Building 5,612,287
 Other Fixed Assets 1,983,720
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 2,784,239
 All Other Assets 73,179
  TOTAL ASSETS 345,473,573
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 2,000,000
 Accounts Payable & Other Liabilities 5,385,867
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 60,534,625
 Regular shares 105,477,078
 All Other Shares & Deposits 137,162,662
  TOTAL SHARES & DEPOSITS 303,174,366
  TOTAL LIABILITIES 310,563,734
 Regular Reserve 0
 Other Reserves -7,475,069
 Undivided Earnings 42,384,908
  TOTAL EQUITY 34,909,839
  TOTAL LIABILITIES, SHARES, & EQUITY 345,473,573
INCOME & EXPENSE  
 Loan Income 8,932,093
 Investment Income 2,332,957
 Other Income 1,060,162
 Total Employee Compensation & Benefits 5,182,176
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 4,873,289
 Non-operating Income & (Expense) 752,332
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 212,788
 Cost of Funds 3,396,142
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,906,662
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