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ILLINOIS VALLEY CREDIT UNION

Dec, 31, 2023 — ILLINOIS VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in PERU, IL with 2 branch locations and about $37.32 million in total assets. Opened 69 years ago in 1955, ILLINOIS VALLEY CREDIT UNION has about 4,323 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:ILLINOIS VALLEY CREDIT UNION
Address:
(Main Office)
1311 Shooting Park Rd
PERU, IL 61354
Phone:(815) 224-2666
Fax:(815) 224-2691
Website:https://www.ivcu.com
Branches:2 branch locations
Members:4,323
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62121
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$37,318,989
CEO/Manager:Thomas J Kist
Chairperson:Polly Ragazincky

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,953,651
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,772,214
 Unsecured Loans 1,129,547
 Other Loans 25,444,768
 TOTAL LOANS 31,346,530
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -183,904
 Land And Building 1,278,280
 Other Fixed Assets 146,219
 NCUSIF Deposit 315,601
 All Other Assets 46,577
  TOTAL ASSETS 37,318,989
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -80,432
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,628,696
 Regular shares 15,045,102
 All Other Shares & Deposits 12,773,845
  TOTAL SHARES & DEPOSITS 33,447,644
  TOTAL LIABILITIES 33,367,234
 Regular Reserve 0
 Other Reserves 465,933
 Undivided Earnings 3,485,822
  TOTAL EQUITY 3,951,755
  TOTAL LIABILITIES, SHARES, & EQUITY 37,318,989
INCOME & EXPENSE  
 Loan Income 1,711,548
 Investment Income 34,012
 Other Income 256,477
 Total Employee Compensation & Benefits 662,338
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,067,822
 Non-operating Income & (Expense) 13,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 94,624
 Cost of Funds 272,200
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 99,511
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