Hoosier Hills Credit Union touts 7% lift in net income, assets

Earnings from Hoosier Hills Credit Union reflect a strong 2018.

The Bedford, Ind.-based CU reported closing out the year with assets of $554.2 million, a 7.4 percent increase from the prior year, as net income climbed from $3.78 million in 2017 to $4.08 million in 2018 – a 7.7 percent lift.

Loans for the year were up 9.2 percent while deposits rose 3.5 percent. A dividend of $2.7 million was disbursed among the entire membership.

“We’re committed to delivering excellent results on behalf of the nearly 30,000 members we serve. Maintaining a strong institution that helps them best meet their financial needs is our top priority,” HHCU President and CEO George McNichols said in a press release. “Saving members money, helping them with their financial goals and making their lives better is why we exist.”

Among the credit union’s highlights for 2018 were expanding membership across all of southern Indiana and rolling out a new website with a financial learning center to help members with financial literacy skills such as saving, investing, understanding credit scores, mortgages, identity protection, elder care and more.

Earlier this year the credit union was honored by Indiana Governor Eric Holcomb with the state’s Half Century Award in recognition of its 50 years of service.