IMECO FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.imecofcu.org for more information.
Dec, 31, 2023 — IMECO FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 1 branch location and about $12.08 million in total assets. Opened 75 years ago in 1949, IMECO FEDERAL CREDIT UNION has about 918 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IMECO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3404 BOLAND DR SOUTH BEND, IN 46628-4302 |
| Phone: | (574) 232-8403 |
| Fax: | (574) 968-0157 |
| Website: | https://www.imecofcu.org |
| Branches: | 1 branch locations |
| Members: | 918 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6261 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | May 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,084,106 |
| CEO/Manager: | Lynda L Clark |
| Chairperson: | Jeanne C Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 920,004 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,478,765 |
| Unsecured Loans | 115,724 |
| Other Loans | 3,052,856 |
| TOTAL LOANS | 4,647,345 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,591 |
| Land And Building | 4,800 |
| Other Fixed Assets | 1,694 |
| NCUSIF Deposit | 91,830 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,084,106 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,573 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,042,143 |
| Regular shares | 8,050,329 |
| All Other Shares & Deposits | 744,362 |
| TOTAL SHARES & DEPOSITS | 10,836,834 |
| TOTAL LIABILITIES | 10,907,407 |
| Regular Reserve | 0 |
| Other Reserves | 201,495 |
| Undivided Earnings | 975,204 |
| TOTAL EQUITY | 1,176,699 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,084,106 |
| INCOME & EXPENSE | |
| Loan Income | 35,646 |
| Investment Income | 6,084 |
| Other Income | 10,396 |
| Total Employee Compensation & Benefits | 39,609 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 38,780 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -27,411 |
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