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BAXTER CREDIT UNION

Dec, 31, 2023 — BAXTER CREDIT UNION is a federally insured state chartered credit union headquartered in VERNON HILLS, IL with 54 branch locations and about $5.90 billion in total assets. Opened 44 years ago in 1980, BAXTER CREDIT UNION has about 350,088 members and employs 806 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 271992400
Name:BAXTER CREDIT UNION
Address:
(Main Office)
340 N Milwaukee Ave
VERNON HILLS, IL 60061-1533
Phone:(800) 388-7000
Fax:
Website:https://www.bcu.org
Branches:54 branch locations
Members:350,088
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68187
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1980
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$5,895,172,593
CEO/Manager:Michael Valentine
Chairperson:Mike Curran

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 419,621,037
TOTAL INVESTMENTS 0
Loans Held for Sale 7,985,358
 
 Real Estate Loans 2,695,341,510
 Unsecured Loans 877,795,088
 Other Loans 1,329,831,169
 TOTAL LOANS 4,902,967,767
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -52,390,588
 Land And Building 73,111,664
 Other Fixed Assets 39,297,554
 NCUSIF Deposit 39,873,149
 All Other Assets 249,031
  TOTAL ASSETS 5,895,172,593
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 775,000,000
 Accounts Payable & Other Liabilities 85,717,814
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,198,038,249
 Regular shares 1,048,069,735
 All Other Shares & Deposits 2,262,961,722
  TOTAL SHARES & DEPOSITS 4,509,069,706
  TOTAL LIABILITIES 5,369,787,520
 Regular Reserve 0
 Other Reserves -13,621,768
 Undivided Earnings 539,006,841
  TOTAL EQUITY 525,385,073
  TOTAL LIABILITIES, SHARES, & EQUITY 5,895,172,593
INCOME & EXPENSE  
 Loan Income 258,155,777
 Investment Income 64,513,710
 Other Income 36,449,245
 Total Employee Compensation & Benefits 107,011,547
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 122,574,376
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 38,800,000
 Cost of Funds 140,937,053
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,318,537
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