Dec, 31, 2023 — SOUTH BEND FIREFIGHTERS FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 1 branch location and about $54.85 million in total assets. Opened 65 years ago in 1959, SOUTH BEND FIREFIGHTERS FEDERAL CREDIT UNION has about 3,377 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH BEND FIREFIGHTERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1122 S MAIN ST SOUTH BEND, IN 46601-3338 |
| Phone: | (574) 287-6161 |
| Fax: | (574) 287-6365 |
| Website: | https://sbfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,377 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13279 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,850,836 |
| CEO/Manager: | DARLENE LOPEZ |
| Chairperson: | NICHOLAS KOWALSKI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,344,880 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,396,232 |
| Unsecured Loans | 2,827,977 |
| Other Loans | 15,120,710 |
| TOTAL LOANS | 39,344,919 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -95,945 |
| Land And Building | 208,021 |
| Other Fixed Assets | 17,606 |
| NCUSIF Deposit | 402,727 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,850,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,901 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 119,698 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,656,574 |
| Regular shares | 15,692,479 |
| All Other Shares & Deposits | 19,907,288 |
| TOTAL SHARES & DEPOSITS | 41,256,341 |
| TOTAL LIABILITIES | 41,404,940 |
| Regular Reserve | 0 |
| Other Reserves | 358,513 |
| Undivided Earnings | 13,087,383 |
| TOTAL EQUITY | 13,445,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,850,836 |
| INCOME & EXPENSE | |
| Loan Income | 1,695,231 |
| Investment Income | 332,766 |
| Other Income | 158,136 |
| Total Employee Compensation & Benefits | 623,509 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 713,267 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 552,086 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 639,799 |
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