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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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