Dec, 31, 2023 — SHERWIN WILLIAMS EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH HOLLAND, IL with 1 branch location and about $31.19 million in total assets. Opened 88 years ago in 1936, SHERWIN WILLIAMS EMP. CREDIT UNION has about 3,514 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHERWIN WILLIAMS EMP. CREDIT UNION |
|---|---|
| Address: (Main Office) | 16230 Prince Dr SOUTH HOLLAND, IL 60473-3233 |
| Phone: | (708) 333-0900 |
| Fax: | (708) 333-0988 |
| Website: | https://swcu.org |
| Branches: | 1 branch locations |
| Members: | 3,514 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61368 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,192,397 |
| CEO/Manager: | Diane Nibungco |
| Chairperson: | Jerry Brooms |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,382,758 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,941,681 |
| Unsecured Loans | 1,443,854 |
| Other Loans | 3,528,112 |
| TOTAL LOANS | 7,913,647 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -290,688 |
| Land And Building | 345,843 |
| Other Fixed Assets | 76,425 |
| NCUSIF Deposit | 291,362 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,192,397 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,544 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,556 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,687,975 |
| Regular shares | 18,610,536 |
| All Other Shares & Deposits | 3,854,212 |
| TOTAL SHARES & DEPOSITS | 28,152,723 |
| TOTAL LIABILITIES | 28,261,823 |
| Regular Reserve | 0 |
| Other Reserves | -1,967,776 |
| Undivided Earnings | 4,898,350 |
| TOTAL EQUITY | 2,930,574 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,192,397 |
| INCOME & EXPENSE | |
| Loan Income | 453,060 |
| Investment Income | 417,130 |
| Other Income | 256,814 |
| Total Employee Compensation & Benefits | 528,230 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 748,604 |
| Non-operating Income & (Expense) | 6,873 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,835 |
| Cost of Funds | 60,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -31,353 |
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