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National Credit Union Service Organization

SPRINGFIELD CITY EMPLOYEES CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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