AdvantagePlus of Indiana Federal Credit Union is a non-profit cooperative of people who work together making loans and other financial services available to each other from their own funds. Your accounts are Federally Insured up to $250,000 by the National Credit Union Share Insurance Fund. Retirement accounts are insured separately up to $250,000. Find more information at www.mycreditunion.gov/Pages/default.aspx.

Here is the agenda from our annual meeting on April 7th, 2017

This is the 64th Annual Meeting of AdvantagePlus of Indiana FCU.

 

Financial Statistics

Total Members at 12-31-16                             6391                      (2015 total 6343)

Total Assets for 12-31-16                               $21,640,820          (2015 $20,646,191)

Total Loans for 12-31-16                                $16,292,165          (2015 $16,633,597)

Total Share Deposits for 12-31-16                  $17,923,483          (2015 $17,147,028)

 Total Interest Paid on Loans in 2016              $1,013,451            (2015 $1,051,054)

Total Investment Income in 2016                   $     23,678            (2015 $12,288)

Total Gross Income for 2016                          $1,560,586            (2015 $1,543,498)   

 Total Operating Expenses for 2016                $1,274,857            (2015 $1,288,477)   

Total Dividends Paid in 2016                         $     77,649            (2015 $74,005)         

 Loans charged off in 2016                               $ 187,758             (2015 $191,136)

 

Net Profit for 2016                                          $ 208,079             (2015 Profit of $181,016)

 

 

Our special projects for this 2017 include:

Scholarship offered through the WV Community Foundation

Bill Pay- late summer

 Remote Deposit Capture- December

 

 Indianapolis Zoo tickets are here.  Adults are $15.00.                                                    Children ages 2-12 are $11.00
                                                   Under 2 are Free

We are NOT offering Holiday World or Kings Island tickets this year.

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If it sounds too good to be true- it probably is!

Fake checks drive many types of scams- like those involving phony prize wins, fake jobs, mystery shoppers, online classified ads and others.  In a fake check scam, someone asks you to deposit a check -sometimes for several thousand dollars- then wire the money to a third party.  The scammers always have a good reason- they are out of the country, they need you to cover taxes/fees, buy supplies etc.  By the time the bank discovers the bad check- the scammers have the money and you're stuck paying the money back to the bank.