Dec, 31, 2023 — CHIPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in ELKHART, IN with 6 branch locations and about $111.23 million in total assets. Opened 77 years ago in 1947, CHIPHONE FEDERAL CREDIT UNION has about 9,318 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHIPHONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 710 N WILDWOOD AVE ELKHART, IN 46514-1876 |
Phone: | (574) 294-3606 |
Fax: | (574) 295-0294 |
Website: | https://www.chiphone.org |
Branches: | 6 branch locations |
Members: | 9,318 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5422 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $111,231,904 |
CEO/Manager: | TRAVIS MAZUR |
Chairperson: | TERRY MILLER |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,338,358 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,087,058 |
Unsecured Loans | 4,581,433 |
Other Loans | 24,404,947 |
TOTAL LOANS | 47,073,438 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,173,892 |
Land And Building | 2,292,753 |
Other Fixed Assets | 70,291 |
NCUSIF Deposit | 949,709 |
All Other Assets | 359,297 |
TOTAL ASSETS | 111,231,904 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,286 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 649,239 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,122,906 |
Regular shares | 50,108,526 |
All Other Shares & Deposits | 21,345,586 |
TOTAL SHARES & DEPOSITS | 93,577,018 |
TOTAL LIABILITIES | 94,240,543 |
Regular Reserve | 0 |
Other Reserves | 45,177 |
Undivided Earnings | 16,946,184 |
TOTAL EQUITY | 16,991,361 |
TOTAL LIABILITIES, SHARES, & EQUITY | 111,231,904 |
INCOME & EXPENSE | |
Loan Income | 2,737,240 |
Investment Income | 1,084,169 |
Other Income | 1,064,303 |
Total Employee Compensation & Benefits | 2,168,100 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,405,366 |
Non-operating Income & (Expense) | -20,151 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 442,987 |
Cost of Funds | 314,832 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 697,300 |
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