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.
Name: | NORTHERN ILLINOIS FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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