Dec, 31, 2023 — ILLINOIS EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, IL with 2 branch locations and about $102.09 million in total assets. Opened 86 years ago in 1938, ILLINOIS EDUCATORS CREDIT UNION has about 9,268 members and employs 25 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 EDUCATORS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3101 Montvale Dr SPRINGFIELD, IL 62704-4260 |
| Phone: | (217) 528-2642 |
| Fax: | (217) 528-2681 |
| Website: | https://www.iecumember.org |
| Branches: | 2 branch locations |
| Members: | 9,268 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65305 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $102,087,604 |
| CEO/Manager: | Jody L Dabrowski |
| Chairperson: | Tiffany Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,381,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,991,906 |
| Unsecured Loans | 7,407,110 |
| Other Loans | 58,267,603 |
| TOTAL LOANS | 79,666,619 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -556,684 |
| Land And Building | 2,429,654 |
| Other Fixed Assets | 296,777 |
| NCUSIF Deposit | 825,576 |
| All Other Assets | 0 |
| TOTAL ASSETS | 102,087,604 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,566 |
| Notes & Interest Payable | 3,100,000 |
| Accounts Payable & Other Liabilities | 392,855 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,438,508 |
| Regular shares | 46,859,754 |
| All Other Shares & Deposits | 25,156,561 |
| TOTAL SHARES & DEPOSITS | 87,454,823 |
| TOTAL LIABILITIES | 90,953,244 |
| Regular Reserve | 0 |
| Other Reserves | 1,558,724 |
| Undivided Earnings | 9,575,636 |
| TOTAL EQUITY | 11,134,360 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 102,087,604 |
| INCOME & EXPENSE | |
| Loan Income | 3,729,712 |
| Investment Income | 518,756 |
| Other Income | 683,350 |
| Total Employee Compensation & Benefits | 1,774,891 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,963,017 |
| Non-operating Income & (Expense) | 11,036 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 350,000 |
| Cost of Funds | 813,511 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 822,182 |
| ↑ Back to Top | |