Dec, 31, 2023 — FINANCIAL PARTNERS CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, IL with 1 branch location and about $10.96 million in total assets. Opened 98 years ago in 1926, FINANCIAL PARTNERS CREDIT UNION has about 1,289 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL PARTNERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 940 N MacArthur Blvd SPRINGFIELD, IL 62702-2308 |
| Phone: | (217) 744-1456 |
| Fax: | (217) 744-1454 |
| Website: | https://www.fpcu.net |
| Branches: | 1 branch locations |
| Members: | 1,289 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60545 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,959,643 |
| CEO/Manager: | Eric Paine |
| Chairperson: | James Cockrell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 370,162 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 96,616 |
| Unsecured Loans | 1,280,980 |
| Other Loans | 3,168,459 |
| TOTAL LOANS | 4,546,055 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,091 |
| Land And Building | 69,636 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 101,637 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,959,643 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 399 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 182,296 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,049,168 |
| Regular shares | 6,831,747 |
| All Other Shares & Deposits | 1,025,948 |
| TOTAL SHARES & DEPOSITS | 9,906,863 |
| TOTAL LIABILITIES | 10,089,558 |
| Regular Reserve | 0 |
| Other Reserves | 15,000 |
| Undivided Earnings | 855,085 |
| TOTAL EQUITY | 870,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,959,643 |
| INCOME & EXPENSE | |
| Loan Income | 252,032 |
| Investment Income | 149,823 |
| Other Income | 59,904 |
| Total Employee Compensation & Benefits | 158,364 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 394,100 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
| Cost of Funds | 15,237 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -62,896 |
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