Dec, 31, 2023 — CENTRAL ILLINOIS CREDIT UNION is a federally insured state chartered credit union headquartered in CHAMPAIGN, IL with 2 branch locations and about $25.31 million in total assets. Opened 76 years ago in 1948, CENTRAL ILLINOIS CREDIT UNION has about 3,393 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTRAL ILLINOIS CREDIT UNION |
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Address: (Main Office) | 2106 w john st CHAMPAIGN, IL 61821 |
Phone: | (217) 356-9721 |
Fax: | (217) 356-0044 |
Website: | https://www.cicu.com |
Branches: | 2 branch locations |
Members: | 3,393 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65186 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,307,308 |
CEO/Manager: | chelsea anderson |
Chairperson: | Cheri Scott |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,019,416 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,221,715 |
Other Loans | 9,707,653 |
TOTAL LOANS | 10,929,368 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,334 |
Land And Building | 110,308 |
Other Fixed Assets | 2,401 |
NCUSIF Deposit | 224,640 |
All Other Assets | 0 |
TOTAL ASSETS | 25,307,308 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 425 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 146,062 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,205,990 |
Regular shares | 14,169,991 |
All Other Shares & Deposits | 1,973,434 |
TOTAL SHARES & DEPOSITS | 22,349,414 |
TOTAL LIABILITIES | 22,495,901 |
Regular Reserve | 0 |
Other Reserves | 400,075 |
Undivided Earnings | 2,411,332 |
TOTAL EQUITY | 2,811,407 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,307,308 |
INCOME & EXPENSE | |
Loan Income | 587,217 |
Investment Income | 573,465 |
Other Income | 365,582 |
Total Employee Compensation & Benefits | 464,284 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 515,802 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,362 |
Cost of Funds | 17,968 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 554,384 |
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