Dec, 31, 2023 — WESTERN INDIANA CREDIT UNION is a non-federally insured state credit union headquartered in SULLIVAN, IN with 2 branch locations and about $38.87 million in total assets. Opened 92 years ago in 1932, WESTERN INDIANA CREDIT UNION has about 2,926 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERN INDIANA CREDIT UNION |
---|---|
Address: (Main Office) | 949 W State Road 154 SULLIVAN, IN 47882-7115 |
Phone: | (812) 268-1196 |
Fax: | (812) 268-8677 |
Website: | https://www.westernindianacu.com |
Branches: | 2 branch locations |
Members: | 2,926 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 82789 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,865,766 |
CEO/Manager: | Mitzi J Perkinson |
Chairperson: | Rusty D Sinders |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 6,609,765 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,922,913 |
Unsecured Loans | 427,642 |
Other Loans | 11,321,984 |
TOTAL LOANS | 30,672,539 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,736 |
Land And Building | 745,779 |
Other Fixed Assets | 26,370 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 38,865,766 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 176,794 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 179,659 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,735,872 |
Regular shares | 15,139,026 |
All Other Shares & Deposits | 11,398,143 |
TOTAL SHARES & DEPOSITS | 33,273,041 |
TOTAL LIABILITIES | 33,629,494 |
Regular Reserve | 0 |
Other Reserves | 1,301,508 |
Undivided Earnings | 3,934,764 |
TOTAL EQUITY | 5,236,272 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,865,766 |
INCOME & EXPENSE | |
Loan Income | 1,515,141 |
Investment Income | 245,924 |
Other Income | 134,911 |
Total Employee Compensation & Benefits | 580,165 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 783,190 |
Non-operating Income & (Expense) | 9,077 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,947 |
Cost of Funds | 364,442 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 320,791 |
↑ Back to Top |