Department Of Financial Institution Division Of Credit Unions In Ind

Organization Overview

Department Of Financial Institution Division Of Credit Unions In Ind is located in Union City, IN. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Department Of Financial Institution Division Of Credit Unions In Ind is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2020, Department Of Financial Institution Division Of Credit Unions In Ind generated $75.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $324.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

COOPERATIVE FINANCIAL INSTITUTION

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOANS - 218 MEMBERS $11,558,747


SAVINGS - 1,077 MEMBERS $12,651,884


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Board, Officers & Key Employees

Name (title)Compensation
Max Beer
Chairman
$0
Richard Hirschy
Vice Chairman
$0
Charles Lehman
Secretary,treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$130,678
Investment income $5,279
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$60,388
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $75,569

Peer Organizations

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Department Of Financial Institution Division Of Credit Unions In Ind
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$44,284,163
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$42,966,700
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Andigo Credit Union
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$43,497,190
Hoosier Hills Credit Union
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Numark Credit Union
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$34,998,113
Dupage Credit Union
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$30,736,632
Tech Credit Union
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$33,400,748
Arsenal Credit Union
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$26,708,236
Kane County Teachers Credit Union
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$29,884,890
Abbott Laboratories Employer Credit Union
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$31,220,940
Siu Credit Union
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$25,737,726
Land Of Lincoln Credit Union
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$22,450,497
Streator Onized Credit Union
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$23,425,097

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