Dec, 31, 2023 — SOLIDARITY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 2 branch locations and about $338.00 million in total assets. Opened 70 years ago in 1954, SOLIDARITY COMMUNITY FEDERAL CREDIT UNION has about 24,753 members and employs 59 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 |
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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: | 24,753 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9923 |
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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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $337,995,712 |
CEO/Manager: | Amy Benner |
Chairperson: | Vince Holt |
ASSETS: | $ Amount |
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Cash & Equivalents | 35,274,857 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 50,703,684 |
Unsecured Loans | 10,436,695 |
Other Loans | 140,467,321 |
TOTAL LOANS | 201,607,700 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,254,616 |
Land And Building | 3,671,799 |
Other Fixed Assets | 2,218,762 |
NCUSIF Deposit | 2,676,970 |
All Other Assets | 57,701 |
TOTAL ASSETS | 337,995,712 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 36,000,000 |
Accounts Payable & Other Liabilities | 5,707,008 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 55,531,005 |
Regular shares | 102,752,790 |
All Other Shares & Deposits | 114,839,109 |
TOTAL SHARES & DEPOSITS | 273,122,906 |
TOTAL LIABILITIES | 314,832,567 |
Regular Reserve | 0 |
Other Reserves | -14,320,788 |
Undivided Earnings | 37,483,933 |
TOTAL EQUITY | 23,163,145 |
TOTAL LIABILITIES, SHARES, & EQUITY | 337,995,712 |
INCOME & EXPENSE | |
Loan Income | 9,448,104 |
Investment Income | 2,546,121 |
Other Income | 2,045,863 |
Total Employee Compensation & Benefits | 6,066,096 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,150,751 |
Non-operating Income & (Expense) | 818,713 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,003 |
Cost of Funds | 3,586,963 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,735,509 |
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