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SMARTCHOICE CREDIT UNION

Dec, 31, 2023 — SMARTCHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in SPRING VALLEY, IL with 1 branch location and about $891,462 in total assets. Opened 67 years ago in 1957, SMARTCHOICE CREDIT UNION has about 264 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SMARTCHOICE CREDIT UNION
Address:
(Main Office)
1 Les Buzz Way Ste A
SPRING VALLEY, IL 61362
Phone:(815) 481-3537
Fax:(815) 663-1106
Website:n/a
Branches:1 branch locations
Members:264
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64731
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$891,462
CEO/Manager:VICKIE CHIESI
Chairperson:ROBIN PUFAHL

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 51,435
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 153,599
 Other Loans 683,253
 TOTAL LOANS 836,852
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -77,214
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 7,674
 All Other Assets 0
  TOTAL ASSETS 891,462
LIABILITIES & CAPITAL:  
 Dividends Payable 20
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,381
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 665,978
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 665,978
  TOTAL LIABILITIES 668,379
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 223,083
  TOTAL EQUITY 223,083
  TOTAL LIABILITIES, SHARES, & EQUITY 891,462
INCOME & EXPENSE  
 Loan Income 53,523
 Investment Income 1,063
 Other Income 2,172
 Total Employee Compensation & Benefits 18,945
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,108
 Non-operating Income & (Expense) 968
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,500
 Cost of Funds 10,137
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,036
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