Dec, 31, 2023 — SCOTT CREDIT UNION is a federally insured state chartered credit union headquartered in EDWARDSVILLE, IL with 24 branch locations and about $1.74 billion in total assets. Opened 81 years ago in 1943, SCOTT CREDIT UNION has about 148,814 members and employs 345 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SCOTT CREDIT UNION |
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Address: (Main Office) | 101 Credit Union Way EDWARDSVILLE, IL 62025 |
Phone: | (618) 345-1000 |
Fax: | (618) 659-8578 |
Website: | https://www.scu.org |
Branches: | 24 branch locations |
Members: | 148,814 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66370 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1943 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,741,583,732 |
CEO/Manager: | Frank M Padak |
Chairperson: | Lawrence Haffner |
ASSETS: | $ Amount |
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Cash & Equivalents | 174,039,908 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 528,879 |
Real Estate Loans | 419,111,428 |
Unsecured Loans | 56,544,242 |
Other Loans | 789,660,108 |
TOTAL LOANS | 1,265,315,778 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,812,283 |
Land And Building | 28,351,320 |
Other Fixed Assets | 5,625,264 |
NCUSIF Deposit | 14,621,573 |
All Other Assets | 135,742 |
TOTAL ASSETS | 1,741,583,732 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,465,567 |
Notes & Interest Payable | 25,000,000 |
Accounts Payable & Other Liabilities | 27,085,369 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 392,068,010 |
Regular shares | 632,241,848 |
All Other Shares & Deposits | 520,046,035 |
TOTAL SHARES & DEPOSITS | 1,544,355,893 |
TOTAL LIABILITIES | 1,597,906,829 |
Regular Reserve | 0 |
Other Reserves | -11,495,435 |
Undivided Earnings | 155,172,338 |
TOTAL EQUITY | 143,676,903 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,741,583,732 |
INCOME & EXPENSE | |
Loan Income | 67,546,934 |
Investment Income | 14,971,682 |
Other Income | 9,290,749 |
Total Employee Compensation & Benefits | 29,688,919 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,487,426 |
Non-operating Income & (Expense) | 14,466 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,029,702 |
Cost of Funds | 22,408,207 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,313,136 |
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