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.
Name: | CENTRAL CREDIT UNION OF ILLINOIS |
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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 |
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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 |
ASSETS: | $ Amount |
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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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