Dec, 31, 2023 — COMMUNITY TRUST CREDIT UNION is a federally insured state chartered credit union headquartered in GURNEE, IL with 4 branch locations and about $307.45 million in total assets. Opened 91 years ago in 1933, COMMUNITY TRUST CREDIT UNION has about 13,752 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY TRUST CREDIT UNION |
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Address: (Main Office) | 1313 N Skokie Hwy GURNEE, IL 60031 |
Phone: | (847) 662-2050 |
Fax: | (847) 623-0647 |
Website: | https://www.ctcu.org |
Branches: | 4 branch locations |
Members: | 13,752 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60543 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $307,445,212 |
CEO/Manager: | Carol Analla |
Chairperson: | Dan Kloczkowski |
ASSETS: | $ Amount |
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Cash & Equivalents | 78,994,239 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 87,162,128 |
Unsecured Loans | 9,686,946 |
Other Loans | 32,316,360 |
TOTAL LOANS | 129,165,434 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -686,106 |
Land And Building | 3,694,775 |
Other Fixed Assets | 286,534 |
NCUSIF Deposit | 2,603,297 |
All Other Assets | 0 |
TOTAL ASSETS | 307,445,212 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,271,431 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 49,635,168 |
Regular shares | 77,449,060 |
All Other Shares & Deposits | 146,177,146 |
TOTAL SHARES & DEPOSITS | 273,261,373 |
TOTAL LIABILITIES | 275,547,448 |
Regular Reserve | 0 |
Other Reserves | 5,760,353 |
Undivided Earnings | 26,137,411 |
TOTAL EQUITY | 31,897,764 |
TOTAL LIABILITIES, SHARES, & EQUITY | 307,445,212 |
INCOME & EXPENSE | |
Loan Income | 6,234,515 |
Investment Income | 6,155,513 |
Other Income | 641,314 |
Total Employee Compensation & Benefits | 4,449,548 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,742,091 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 108,366 |
Cost of Funds | 1,476,356 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,740,444 |
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