Dec, 31, 2023 — DECATUR EARTHMOVER CREDIT UNION is a federally insured state chartered credit union headquartered in FORSYTH, IL with 6 branch locations and about $293.24 million in total assets. Opened 68 years ago in 1956, DECATUR EARTHMOVER CREDIT UNION has about 21,704 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DECATUR EARTHMOVER CREDIT UNION |
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Address: (Main Office) | 260 W Marion Ave FORSYTH, IL 62535 |
Phone: | (217) 872-8170 |
Fax: | (217) 872-8182 |
Website: | https://www.decu.com |
Branches: | 6 branch locations |
Members: | 21,704 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68597 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | May 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $293,242,911 |
CEO/Manager: | Barry Schmidt |
Chairperson: | Benny Lourash |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,170,339 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,545,243 |
Unsecured Loans | 10,521,209 |
Other Loans | 124,257,998 |
TOTAL LOANS | 165,324,450 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,730,268 |
Land And Building | 5,773,168 |
Other Fixed Assets | 789,269 |
NCUSIF Deposit | 2,672,275 |
All Other Assets | 15,000 |
TOTAL ASSETS | 293,242,911 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 70,915 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,100,155 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 58,258,113 |
Regular shares | 164,218,989 |
All Other Shares & Deposits | 42,469,045 |
TOTAL SHARES & DEPOSITS | 264,946,148 |
TOTAL LIABILITIES | 268,117,218 |
Regular Reserve | 0 |
Other Reserves | -8,630,038 |
Undivided Earnings | 33,755,731 |
TOTAL EQUITY | 25,125,693 |
TOTAL LIABILITIES, SHARES, & EQUITY | 293,242,911 |
INCOME & EXPENSE | |
Loan Income | 8,971,557 |
Investment Income | 2,613,885 |
Other Income | 1,464,264 |
Total Employee Compensation & Benefits | 6,947,749 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,339,473 |
Non-operating Income & (Expense) | 1,312,654 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,164,404 |
Cost of Funds | 467,373 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,022,415 |
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