Dec, 31, 2023 — SPRINGFIELD CITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, IL with 1 branch location and about $12.24 million in total assets. Opened 66 years ago in 1958, SPRINGFIELD CITY EMPLOYEES CREDIT UNION has about 1,351 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPRINGFIELD CITY EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 300 S 7th St Ste B4 SPRINGFIELD, IL 62701-1929 |
Phone: | (217) 789-2346 |
Fax: | (217) 789-2190 |
Website: | https://www.scecu.org |
Branches: | 1 branch locations |
Members: | 1,351 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65424 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,239,900 |
CEO/Manager: | Diane M Lauterbach |
Chairperson: | Robert J Bommarito |
ASSETS: | $ Amount |
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Cash & Equivalents | 965,095 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 840,718 |
Other Loans | 6,828,079 |
TOTAL LOANS | 7,668,797 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,023 |
Land And Building | 0 |
Other Fixed Assets | 33,299 |
NCUSIF Deposit | 113,329 |
All Other Assets | 0 |
TOTAL ASSETS | 12,239,900 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,659 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 23,923 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,005,710 |
Regular shares | 8,411,424 |
All Other Shares & Deposits | 944,950 |
TOTAL SHARES & DEPOSITS | 10,362,084 |
TOTAL LIABILITIES | 10,393,666 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,846,234 |
TOTAL EQUITY | 1,846,234 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,239,900 |
INCOME & EXPENSE | |
Loan Income | 354,478 |
Investment Income | 114,064 |
Other Income | 52,305 |
Total Employee Compensation & Benefits | 197,540 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 168,333 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
Cost of Funds | 26,681 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 113,293 |
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