Dec, 31, 2023 — ILLINOIS STATE POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, IL with 1 branch location and about $112.47 million in total assets. Opened 58 years ago in 1966, ILLINOIS STATE POLICE FEDERAL CREDIT UNION has about 6,515 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ILLINOIS STATE POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 730 Engineering Ave SPRINGFIELD, IL 62703 |
Phone: | (217) 523-8000 |
Fax: | (866) 523-8756 |
Website: | https://www.ispfcu.org |
Branches: | 1 branch locations |
Members: | 6,515 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17335 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $112,471,047 |
CEO/Manager: | Megan Becker |
Chairperson: | Christopher Mueller |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,974,941 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,800,225 |
Unsecured Loans | 2,915,156 |
Other Loans | 16,778,642 |
TOTAL LOANS | 31,494,023 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -542,148 |
Land And Building | 3,364,075 |
Other Fixed Assets | 6,790 |
NCUSIF Deposit | 1,051,876 |
All Other Assets | 0 |
TOTAL ASSETS | 112,471,047 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 707 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 94,998 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 32,628,138 |
Regular shares | 59,634,817 |
All Other Shares & Deposits | 9,607,170 |
TOTAL SHARES & DEPOSITS | 101,870,125 |
TOTAL LIABILITIES | 101,965,830 |
Regular Reserve | 0 |
Other Reserves | 1,840,311 |
Undivided Earnings | 8,664,906 |
TOTAL EQUITY | 10,505,217 |
TOTAL LIABILITIES, SHARES, & EQUITY | 112,471,047 |
INCOME & EXPENSE | |
Loan Income | 1,755,979 |
Investment Income | 2,280,776 |
Other Income | 127,731 |
Total Employee Compensation & Benefits | 1,520,801 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,341,955 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 823,624 |
Cost of Funds | 51,759 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 864,672 |
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