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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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