Dec, 31, 2023 — COOPERATIVE CHOICE NETWORK CREDIT UNION is a federally insured state chartered credit union headquartered in PEORIA, IL with 4 branch locations and about $172.55 million in total assets. Opened 89 years ago in 1935, COOPERATIVE CHOICE NETWORK CREDIT UNION has about 11,562 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COOPERATIVE CHOICE NETWORK CREDIT UNION |
|---|---|
| Address: (Main Office) | 3927 N University St PEORIA, IL 61614 |
| Phone: | (309) 672-5230 |
| Fax: | (309) 672-1990 |
| Website: | https://www.ccncu.com |
| Branches: | 4 branch locations |
| Members: | 11,562 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63783 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $172,550,692 |
| CEO/Manager: | Joseph M Webb |
| Chairperson: | John Machens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,996,177 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,323,318 |
| Unsecured Loans | 14,025,403 |
| Other Loans | 74,407,789 |
| TOTAL LOANS | 102,756,511 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -780,232 |
| Land And Building | 1,855,343 |
| Other Fixed Assets | 316,699 |
| NCUSIF Deposit | 1,550,711 |
| All Other Assets | 5,000 |
| TOTAL ASSETS | 172,550,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 216,495 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,491,559 |
| Regular shares | 62,981,148 |
| All Other Shares & Deposits | 67,487,226 |
| TOTAL SHARES & DEPOSITS | 151,959,932 |
| TOTAL LIABILITIES | 152,176,427 |
| Regular Reserve | 0 |
| Other Reserves | 12,470,958 |
| Undivided Earnings | 7,903,307 |
| TOTAL EQUITY | 20,374,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 172,550,692 |
| INCOME & EXPENSE | |
| Loan Income | 4,966,787 |
| Investment Income | 848,259 |
| Other Income | 668,551 |
| Total Employee Compensation & Benefits | 1,836,780 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,221,746 |
| Non-operating Income & (Expense) | 30,189 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 178,567 |
| Cost of Funds | 2,258,595 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,167 |
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