Dec, 31, 2023 — ELITE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BOURBONNAIS, IL with 2 branch locations and about $23.02 million in total assets. Opened 67 years ago in 1957, ELITE COMMUNITY CREDIT UNION has about 2,138 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELITE COMMUNITY CREDIT UNION |
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Address: (Main Office) | 515 S Main St BOURBONNAIS, IL 60914-1920 |
Phone: | (815) 933-7711 |
Fax: | (815) 933-5802 |
Website: | https://www.eliteccu.com |
Branches: | 2 branch locations |
Members: | 2,138 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60304 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,019,498 |
CEO/Manager: | Suzie Bell |
Chairperson: | Gregory H Osenga |
ASSETS: | $ Amount |
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Cash & Equivalents | 557,227 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 884,740 |
Unsecured Loans | 888,562 |
Other Loans | 14,962,003 |
TOTAL LOANS | 16,735,305 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,391 |
Land And Building | 680,703 |
Other Fixed Assets | 10,019 |
NCUSIF Deposit | 179,749 |
All Other Assets | 0 |
TOTAL ASSETS | 23,019,498 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 581 |
Notes & Interest Payable | 1,908,857 |
Accounts Payable & Other Liabilities | 68,500 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,415,456 |
Regular shares | 10,923,520 |
All Other Shares & Deposits | 5,606,648 |
TOTAL SHARES & DEPOSITS | 18,945,624 |
TOTAL LIABILITIES | 20,923,562 |
Regular Reserve | 0 |
Other Reserves | 465,548 |
Undivided Earnings | 1,630,388 |
TOTAL EQUITY | 2,095,936 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,019,498 |
INCOME & EXPENSE | |
Loan Income | 803,020 |
Investment Income | 79,931 |
Other Income | 268,944 |
Total Employee Compensation & Benefits | 389,128 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 586,190 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,019 |
Cost of Funds | 266,248 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,600 |
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