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National Credit Union Service Organization

NORTHERN ILLINOIS FEDERAL CREDIT UNION

Dec, 31, 2023 — NORTHERN ILLINOIS FEDERAL CREDIT UNION is a federal credit union headquartered in DEKALB, IL with 1 branch location and about $18.49 million in total assets. Opened 66 years ago in 1958, NORTHERN ILLINOIS FEDERAL CREDIT UNION has about 2,179 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 271982779
Name:NORTHERN ILLINOIS FEDERAL CREDIT UNION
Address:
(Main Office)
817 W LINCOLN HWY
DEKALB, IL 60115
Phone:(815) 669-1599
Fax:(815) 669-1533
Website:https://mynifcu.com
Branches:1 branch locations
Members:2,179
Credit Union Type:Federal Credit Union
Charter Number:19708
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$18,491,977
CEO/Manager:MARK M LENAWAY
Chairperson:JEFF REYNOLDS

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 334,153
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,262,250
 Unsecured Loans 1,321,149
 Other Loans 9,303,645
 TOTAL LOANS 13,887,044
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -65,345
 Land And Building 0
 Other Fixed Assets 1,566
 NCUSIF Deposit 187,973
 All Other Assets 0
  TOTAL ASSETS 18,491,977
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 256,320
 Accounts Payable & Other Liabilities 127,783
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,282,106
 Regular shares 12,774,631
 All Other Shares & Deposits 245,641
  TOTAL SHARES & DEPOSITS 16,302,379
  TOTAL LIABILITIES 16,686,482
 Regular Reserve 0
 Other Reserves 501,178
 Undivided Earnings 1,304,317
  TOTAL EQUITY 1,805,495
  TOTAL LIABILITIES, SHARES, & EQUITY 18,491,977
INCOME & EXPENSE  
 Loan Income 697,504
 Investment Income 177,242
 Other Income 99,329
 Total Employee Compensation & Benefits 329,013
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 330,789
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 33,000
 Cost of Funds 46,610
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 319,063
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