Dec, 31, 2023 — STATE EMPLOYEES COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ALTON, IL with 1 branch location and about $6.86 million in total assets. Opened 72 years ago in 1952, STATE EMPLOYEES COMMUNITY CREDIT UNION has about 1,040 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE EMPLOYEES COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 4500 College Ave Ste 200 ALTON, IL 62002-5013 |
| Phone: | (618) 462-5229 |
| Fax: | (618) 465-5143 |
| Website: | https://stateemployeescu.virtualcu.n |
| Branches: | 1 branch locations |
| Members: | 1,040 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65259 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,857,091 |
| CEO/Manager: | SAMANTHA L HARVEY |
| Chairperson: | ANEISHA SHANKLIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,660,718 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,067,053 |
| Other Loans | 2,499,330 |
| TOTAL LOANS | 3,566,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,770 |
| Land And Building | 0 |
| Other Fixed Assets | 3,210 |
| NCUSIF Deposit | 63,107 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,857,091 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 108 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,118 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 443,559 |
| Regular shares | 4,609,473 |
| All Other Shares & Deposits | 538,166 |
| TOTAL SHARES & DEPOSITS | 5,591,198 |
| TOTAL LIABILITIES | 5,606,424 |
| Regular Reserve | 0 |
| Other Reserves | 212,266 |
| Undivided Earnings | 1,038,401 |
| TOTAL EQUITY | 1,250,667 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,857,091 |
| INCOME & EXPENSE | |
| Loan Income | 229,230 |
| Investment Income | 138,190 |
| Other Income | 95,719 |
| Total Employee Compensation & Benefits | 137,897 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 201,327 |
| Non-operating Income & (Expense) | 2,464 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 35,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 144,005 |
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