Dec, 31, 2023 — INDIANA UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in BLOOMINGTON, IN with 8 branch locations and about $1.67 billion in total assets. Opened 68 years ago in 1956, INDIANA UNIVERSITY CREDIT UNION has about 69,494 members and employs 212 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INDIANA UNIVERSITY CREDIT UNION |
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Address: (Main Office) | 105 E Winslow Rd BLOOMINGTON, IN 47401 |
Phone: | (812) 855-7823 |
Fax: | |
Website: | https://www.iucu.org |
Branches: | 8 branch locations |
Members: | 69,494 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68577 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,671,616,966 |
CEO/Manager: | Bryan Price |
Chairperson: | Doris Sims |
ASSETS: | $ Amount |
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Cash & Equivalents | 110,616,245 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 897,788,141 |
Unsecured Loans | 27,243,635 |
Other Loans | 337,360,006 |
TOTAL LOANS | 1,266,680,831 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,245,000 |
Land And Building | 13,563,711 |
Other Fixed Assets | 4,363,406 |
NCUSIF Deposit | 11,885,378 |
All Other Assets | 0 |
TOTAL ASSETS | 1,671,616,966 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 150,000,000 |
Accounts Payable & Other Liabilities | 17,568,989 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 227,372,529 |
Regular shares | 309,821,394 |
All Other Shares & Deposits | 775,029,894 |
TOTAL SHARES & DEPOSITS | 1,312,223,817 |
TOTAL LIABILITIES | 1,480,094,841 |
Regular Reserve | 0 |
Other Reserves | 64,028,795 |
Undivided Earnings | 127,493,330 |
TOTAL EQUITY | 191,522,125 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,671,616,966 |
INCOME & EXPENSE | |
Loan Income | 54,437,181 |
Investment Income | 7,898,938 |
Other Income | 3,385,315 |
Total Employee Compensation & Benefits | 20,101,812 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,733,489 |
Non-operating Income & (Expense) | 270,915 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,432,940 |
Cost of Funds | 24,948,147 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,944,121 |
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