Dec, 31, 2023 — BAR-CONS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 1 branch location and about $49.06 million in total assets. Opened 59 years ago in 1965, BAR-CONS FEDERAL CREDIT UNION has about 4,313 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAR-CONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1142 N Marr Rd COLUMBUS, IN 47201 |
| Phone: | (812) 372-8776 |
| Fax: | (812) 372-8186 |
| Website: | https://www.barcons.org |
| Branches: | 1 branch locations |
| Members: | 4,313 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17040 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,056,175 |
| CEO/Manager: | Stacey Foster |
| Chairperson: | Edward Olibo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,377,874 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,913,701 |
| Unsecured Loans | 3,036,125 |
| Other Loans | 23,017,631 |
| TOTAL LOANS | 36,967,457 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -273,785 |
| Land And Building | 0 |
| Other Fixed Assets | 87,154 |
| NCUSIF Deposit | 440,145 |
| All Other Assets | 0 |
| TOTAL ASSETS | 49,056,175 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,345 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 203,211 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,964,623 |
| Regular shares | 20,839,723 |
| All Other Shares & Deposits | 10,951,989 |
| TOTAL SHARES & DEPOSITS | 41,756,335 |
| TOTAL LIABILITIES | 41,967,891 |
| Regular Reserve | 0 |
| Other Reserves | 762,700 |
| Undivided Earnings | 6,325,584 |
| TOTAL EQUITY | 7,088,284 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,056,175 |
| INCOME & EXPENSE | |
| Loan Income | 1,901,095 |
| Investment Income | 202,466 |
| Other Income | 325,886 |
| Total Employee Compensation & Benefits | 800,152 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,004,670 |
| Non-operating Income & (Expense) | -1,241 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 189,692 |
| Cost of Funds | 88,201 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 721,661 |
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