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ILLINOIS STATE POLICE FEDERAL CREDIT UNION

Dec, 31, 2023 — ILLINOIS STATE POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, IL with 1 branch location and about $112.47 million in total assets. Opened 58 years ago in 1966, ILLINOIS STATE POLICE FEDERAL CREDIT UNION has about 6,515 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ILLINOIS STATE POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
730 Engineering Ave
SPRINGFIELD, IL 62703
Phone:(217) 523-8000
Fax:(866) 523-8756
Website:https://www.ispfcu.org
Branches:1 branch locations
Members:6,515
Credit Union Type:Federal Credit Union
Charter Number:17335
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1966
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$112,471,047
CEO/Manager:Megan Becker
Chairperson:Christopher Mueller

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,974,941
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 11,800,225
 Unsecured Loans 2,915,156
 Other Loans 16,778,642
 TOTAL LOANS 31,494,023
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -542,148
 Land And Building 3,364,075
 Other Fixed Assets 6,790
 NCUSIF Deposit 1,051,876
 All Other Assets 0
  TOTAL ASSETS 112,471,047
LIABILITIES & CAPITAL:  
 Dividends Payable 707
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 94,998
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 32,628,138
 Regular shares 59,634,817
 All Other Shares & Deposits 9,607,170
  TOTAL SHARES & DEPOSITS 101,870,125
  TOTAL LIABILITIES 101,965,830
 Regular Reserve 0
 Other Reserves 1,840,311
 Undivided Earnings 8,664,906
  TOTAL EQUITY 10,505,217
  TOTAL LIABILITIES, SHARES, & EQUITY 112,471,047
INCOME & EXPENSE  
 Loan Income 1,755,979
 Investment Income 2,280,776
 Other Income 127,731
 Total Employee Compensation & Benefits 1,520,801
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,341,955
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 823,624
 Cost of Funds 51,759
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 864,672
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