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FINANCIAL BUILDERS FEDERAL CREDIT UNION

Dec, 31, 2023 — FINANCIAL BUILDERS FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 1 branch location and about $138.87 million in total assets. Opened 60 years ago in 1964, FINANCIAL BUILDERS FEDERAL CREDIT UNION has about 11,474 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FINANCIAL BUILDERS FEDERAL CREDIT UNION
Address:
(Main Office)
2828 S Lafountain St
KOKOMO, IN 46902-3706
Phone:(765) 455-0500
Fax:(765) 453-2461
Website:https://www.financialbuilders.org
Branches:1 branch locations
Members:11,474
Credit Union Type:Federal Credit Union
Charter Number:16213
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1964
Last Audited:May 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$138,868,824
CEO/Manager:Brian Bargerhuff
Chairperson:Terry Coolbaugh

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,551,535
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 43,608,951
 Unsecured Loans 7,912,669
 Other Loans 49,369,518
 TOTAL LOANS 100,930,781
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,464,415
 Land And Building 564,729
 Other Fixed Assets 115,701
 NCUSIF Deposit 1,212,974
 All Other Assets 247,656
  TOTAL ASSETS 138,868,824
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,295,172
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 28,611,355
 Regular shares 43,437,893
 All Other Shares & Deposits 48,264,173
  TOTAL SHARES & DEPOSITS 120,313,423
  TOTAL LIABILITIES 121,608,595
 Regular Reserve 0
 Other Reserves 1,223,466
 Undivided Earnings 16,036,763
  TOTAL EQUITY 17,260,229
  TOTAL LIABILITIES, SHARES, & EQUITY 138,868,824
INCOME & EXPENSE  
 Loan Income 5,878,203
 Investment Income 778,996
 Other Income 1,084,298
 Total Employee Compensation & Benefits 2,577,759
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,557,428
 Non-operating Income & (Expense) 10,074
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 838,654
 Cost of Funds 1,228,717
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 777,492
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