Dec, 31, 2023 — EVANSVILLE FEDERAL CREDIT UNION is a federal credit union headquartered in EVANSVILLE, IN with 3 branch locations and about $81.99 million in total assets. Opened 63 years ago in 1961, EVANSVILLE FEDERAL CREDIT UNION has about 6,165 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EVANSVILLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6209 Vogel Rd EVANSVILLE, IN 47715 |
| Phone: | (812) 424-2621 |
| Fax: | (812) 424-2639 |
| Website: | https://www.evansvillefcu.org |
| Branches: | 3 branch locations |
| Members: | 6,165 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14562 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $81,994,363 |
| CEO/Manager: | Jim L Phelps |
| Chairperson: | Rosemary Harmon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,657,756 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,221,304 |
| Unsecured Loans | 3,592,859 |
| Other Loans | 13,177,730 |
| TOTAL LOANS | 46,991,893 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -413,687 |
| Land And Building | 1,343,600 |
| Other Fixed Assets | 154,651 |
| NCUSIF Deposit | 714,630 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,994,363 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 261,661 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,592,520 |
| Regular shares | 28,505,193 |
| All Other Shares & Deposits | 24,574,842 |
| TOTAL SHARES & DEPOSITS | 70,672,554 |
| TOTAL LIABILITIES | 70,934,215 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,060,148 |
| TOTAL EQUITY | 11,060,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,994,363 |
| INCOME & EXPENSE | |
| Loan Income | 2,408,617 |
| Investment Income | 577,883 |
| Other Income | 356,188 |
| Total Employee Compensation & Benefits | 1,215,525 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,862,718 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 197,300 |
| Cost of Funds | 414,405 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 495,610 |
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