| Business Summary | | Union
Community
Bancorp,
organized
in
September
1997,
is
the
holding
company
for
Union
Federal
Savings
and
Loan
Association
(Union
Federal),
a
federal
stock
savings
and
loan
association.
Union
Federal
was
organized
as
a
state-chartered
savings
and
loan
association
in
1913,
and
has
since
conducted
its
business
from
its
full-service
office
located
in
Crawfordsville,
Indiana.
Union
Federal's
principal
business
consists
of
attracting
deposits
from
the
general
public,
and
originating
fixed-rate
and
adjustable-rate
loans
secured
by
real
estate.
Union
Federal
offers
residential
real
estate
loans,
multi-family
loans,
commercial
real
estate
loans,
construction
loans,
home
improvement
loans,
money
market
demand
accounts,
passbook
savings
accounts
and
certificates
of
deposit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UCBC
is
a
holding
company
for
Union
Federal
Savings
and
Loan
Association.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$4.8
million.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$2.3
million.
Net
income
fell
14%
to
$886
thousand.
Total
interest
income
reflects
higher
average
earning
assets.
Total
interest
income
after
LLP
were
offset
by
higher
interest
on
deposits
and
FHLB
advances.
Earnings
were
offset
by
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Timmons, 66 Chairman,
Pres, CEO | $114K | Alan Grimble, 44 VP | -- | Ronald Keeling, 49 VP | -- | Denise Swearingen, 42 Sec.,
Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|