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CENTRAL CREDIT UNION OF ILLINOIS

Dec, 31, 2023 — CENTRAL CREDIT UNION OF ILLINOIS is a federally insured state chartered credit union headquartered in BELLWOOD, IL with 2 branch locations and about $116.87 million in total assets. Opened 88 years ago in 1936, CENTRAL CREDIT UNION OF ILLINOIS has about 11,008 members and employs 31 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: 271987143
Name:CENTRAL CREDIT UNION OF ILLINOIS
Address:
(Main Office)
1001 Mannheim Rd
BELLWOOD, IL 60104
Phone:(708) 649-6400
Fax:(708) 649-6449
Website:https://www.centralcu.org
Branches:2 branch locations
Members:11,008
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60852
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$116,871,147
CEO/Manager:Robert A Anderson
Chairperson:Joyce Gaston

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,506,605
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 27,920,518
 Unsecured Loans 13,014,072
 Other Loans 37,030,963
 TOTAL LOANS 77,965,553
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -924,013
 Land And Building 2,317,366
 Other Fixed Assets 151,890
 NCUSIF Deposit 1,047,189
 All Other Assets 0
  TOTAL ASSETS 116,871,147
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,965,825
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,938,488
 Regular shares 63,046,674
 All Other Shares & Deposits 22,578,812
  TOTAL SHARES & DEPOSITS 102,563,974
  TOTAL LIABILITIES 104,529,799
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 12,341,348
  TOTAL EQUITY 12,341,348
  TOTAL LIABILITIES, SHARES, & EQUITY 116,871,147
INCOME & EXPENSE  
 Loan Income 3,817,727
 Investment Income 1,012,575
 Other Income 380,442
 Total Employee Compensation & Benefits 2,346,153
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,283,782
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 300,000
 Cost of Funds 141,833
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 933,822
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