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National Credit Union Service Organization

BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION

Dec, 31, 2023 — BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION is a non-federally insured state credit union headquartered in BLUFFTON, IN with 1 branch location and about $671,505 in total assets. Opened 72 years ago in 1952, BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION has about 254 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION
Address:
(Main Office)
410 E SPRING ST
BLUFFTON, IN 46714-3737
Phone:(260) 827-2213
Fax:(260) 827-2214
Website:n/a
Branches:1 branch locations
Members:254
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:82753
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$671,505
CEO/Manager:HUNTER BODENHIEMER
Chairperson:TIMOTHY WYATT

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,347
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 112,070
 Other Loans 103,631
 TOTAL LOANS 215,702
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,877
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 671,505
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,300
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 541,874
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 541,874
  TOTAL LIABILITIES 546,174
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 125,331
  TOTAL EQUITY 125,331
  TOTAL LIABILITIES, SHARES, & EQUITY 671,505
INCOME & EXPENSE  
 Loan Income 19,518
 Investment Income 21,460
 Other Income 34
 Total Employee Compensation & Benefits 47,119
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,675
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,877
 Cost of Funds 285
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -31,210
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