Dec, 31, 2023 — ENERGY PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 3 branch locations and about $39.99 million in total assets. Opened 99 years ago in 1925, ENERGY PLUS CREDIT UNION has about 4,015 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ENERGY PLUS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1230 W Morris St INDIANAPOLIS, IN 46221-1710 |
| Phone: | (317) 261-8521 |
| Fax: | (317) 261-5480 |
| Website: | https://www.energypluscu.org |
| Branches: | 3 branch locations |
| Members: | 4,015 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65458 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1925 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,987,195 |
| CEO/Manager: | Cari Palmer |
| Chairperson: | Nick Grimmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,539,710 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,803,126 |
| Unsecured Loans | 2,832,191 |
| Other Loans | 16,531,720 |
| TOTAL LOANS | 29,167,037 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,393 |
| Land And Building | 0 |
| Other Fixed Assets | 61,591 |
| NCUSIF Deposit | 348,985 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,987,195 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 485,148 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,783,925 |
| Regular shares | 19,378,168 |
| All Other Shares & Deposits | 7,917,588 |
| TOTAL SHARES & DEPOSITS | 33,079,681 |
| TOTAL LIABILITIES | 33,564,831 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,422,364 |
| TOTAL EQUITY | 6,422,364 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,987,195 |
| INCOME & EXPENSE | |
| Loan Income | 1,688,473 |
| Investment Income | 325,584 |
| Other Income | 160,982 |
| Total Employee Compensation & Benefits | 855,347 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,066,600 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,810 |
| Cost of Funds | 220,234 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 294,895 |
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