Dec, 31, 2023 — BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, IN with 2 branch locations and about $44.88 million in total assets. Opened 64 years ago in 1960, BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION has about 4,122 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 740 N Marr Rd COLUMBUS, IN 47201 |
Phone: | (812) 372-6091 |
Fax: | (812) 372-6093 |
Website: | https://www.busindcu.com |
Branches: | 2 branch locations |
Members: | 4,122 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13940 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,877,206 |
CEO/Manager: | Aaron J Wilp |
Chairperson: | Roberta L Mullins |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 7,109,369 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 822,054 |
Unsecured Loans | 421,269 |
Other Loans | 13,097,770 |
TOTAL LOANS | 14,341,094 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,336 |
Land And Building | 560,345 |
Other Fixed Assets | 40,395 |
NCUSIF Deposit | 415,625 |
All Other Assets | 0 |
TOTAL ASSETS | 44,877,206 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 721 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 60,336 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,705,053 |
Regular shares | 22,838,339 |
All Other Shares & Deposits | 6,547,400 |
TOTAL SHARES & DEPOSITS | 38,090,791 |
TOTAL LIABILITIES | 38,151,848 |
Regular Reserve | 0 |
Other Reserves | 1,352,376 |
Undivided Earnings | 5,372,982 |
TOTAL EQUITY | 6,725,358 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,877,206 |
INCOME & EXPENSE | |
Loan Income | 664,115 |
Investment Income | 829,704 |
Other Income | 254,247 |
Total Employee Compensation & Benefits | 599,482 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 829,148 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,715 |
Cost of Funds | 46,669 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 497,868 |
↑ Back to Top |