Dec, 31, 2023 — I. C. FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANA, PA with 1 branch location and about $2.78 million in total assets. Opened 39 years ago in 1985, I. C. FEDERAL CREDIT UNION has about 838 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I. C. FEDERAL CREDIT UNION |
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Address: (Main Office) | 1002 Philadelphia St INDIANA, PA 15701-1676 |
Phone: | (724) 463-7766 |
Fax: | (724) 463-7926 |
Website: | https://ic-fcu.com |
Branches: | 1 branch locations |
Members: | 838 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24201 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1985 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,776,204 |
CEO/Manager: | Theresa M Luther |
Chairperson: | Alex J Uher |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,016,893 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 328,054 |
Other Loans | 1,277,075 |
TOTAL LOANS | 1,605,129 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,027 |
Land And Building | 0 |
Other Fixed Assets | 712 |
NCUSIF Deposit | 26,503 |
All Other Assets | 0 |
TOTAL ASSETS | 2,776,204 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,316 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,938 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 68,214 |
Regular shares | 2,347,486 |
All Other Shares & Deposits | 1,509 |
TOTAL SHARES & DEPOSITS | 2,417,209 |
TOTAL LIABILITIES | 2,452,463 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 323,741 |
TOTAL EQUITY | 323,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,776,204 |
INCOME & EXPENSE | |
Loan Income | 78,187 |
Investment Income | 26,217 |
Other Income | 4,645 |
Total Employee Compensation & Benefits | 91,037 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 60,747 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,800 |
Cost of Funds | 2,849 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -53,980 |
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