Dec, 31, 2023 — STATE FARM FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMINGTON, IL with 1 branch location and about $4.33 billion in total assets. Opened 88 years ago in 1936, STATE FARM FEDERAL CREDIT UNION has about 120,770 members and employs 135 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 FARM FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 State Farm Plz BLOOMINGTON, IL 61710-0001 |
Phone: | (888) 521-5209 |
Fax: | |
Website: | https://www.statefarmfcu.com |
Branches: | 1 branch locations |
Members: | 120,770 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1273 |
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Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,334,138,941 |
CEO/Manager: | Steve Gorrie |
Chairperson: | Holly Roberts |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,751,714 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 80,541 |
Unsecured Loans | 221,055,059 |
Other Loans | 844,486,399 |
TOTAL LOANS | 1,065,621,999 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,808,136 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 36,282,270 |
All Other Assets | 0 |
TOTAL ASSETS | 4,334,138,941 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 144,807 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,607,579,327 |
All Other Shares & Deposits | 104,535,625 |
TOTAL SHARES & DEPOSITS | 3,712,114,952 |
TOTAL LIABILITIES | 3,712,259,759 |
Regular Reserve | 0 |
Other Reserves | -50,605,944 |
Undivided Earnings | 672,485,126 |
TOTAL EQUITY | 621,879,182 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,334,138,941 |
INCOME & EXPENSE | |
Loan Income | 40,424,233 |
Investment Income | 68,730,060 |
Other Income | 1,113,330 |
Total Employee Compensation & Benefits | 11,172,770 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,647,817 |
Non-operating Income & (Expense) | 12,301,868 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,207,644 |
Cost of Funds | 88,513,927 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,251,198 |
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