Dec, 31, 2023 — SELFRELIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 11 branch locations and about $1.11 billion in total assets. Opened 73 years ago in 1951, SELFRELIANCE FEDERAL CREDIT UNION has about 37,716 members and employs 129 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SELFRELIANCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 2332 W Chicago Ave CHICAGO, IL 60622 |
Phone: | (773) 328-7500 |
Fax: | (773) 328-7501 |
Website: | https://www.selfreliance.com |
Branches: | 11 branch locations |
Members: | 37,716 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7346 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,112,508,956 |
CEO/Manager: | Vitaliy Kutnyy |
Chairperson: | Bohdan Watral |
ASSETS: | $ Amount |
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Cash & Equivalents | 65,742,548 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 504,791,753 |
Unsecured Loans | 9,691,027 |
Other Loans | 17,779,964 |
TOTAL LOANS | 532,262,745 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,277,906 |
Land And Building | 4,959,096 |
Other Fixed Assets | 628,009 |
NCUSIF Deposit | 6,258,110 |
All Other Assets | 0 |
TOTAL ASSETS | 1,112,508,956 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 664,377 |
Notes & Interest Payable | 233,030,000 |
Accounts Payable & Other Liabilities | 9,503,966 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 124,877,806 |
Regular shares | 176,225,858 |
All Other Shares & Deposits | 439,459,140 |
TOTAL SHARES & DEPOSITS | 740,562,804 |
TOTAL LIABILITIES | 983,761,147 |
Regular Reserve | 0 |
Other Reserves | 11,550,166 |
Undivided Earnings | 117,197,643 |
TOTAL EQUITY | 128,747,809 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,112,508,956 |
INCOME & EXPENSE | |
Loan Income | 22,472,613 |
Investment Income | 30,357,951 |
Other Income | 1,109,642 |
Total Employee Compensation & Benefits | 11,411,538 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,603,950 |
Non-operating Income & (Expense) | -2,164,100 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 207,735 |
Cost of Funds | 32,219,625 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,542,273 |
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