Dec, 31, 2023 — UNITED EQUITY CREDIT UNION is a non-federally insured state credit union headquartered in DECATUR, IL with 3 branch locations and about $60.40 million in total assets. Opened 2024 years ago in 0, UNITED EQUITY CREDIT UNION has about 5,406 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED EQUITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1130 E Pershing Rd DECATUR, IL 62526 |
| Phone: | (217) 875-1845 |
| Fax: | (217) 875-3648 |
| Website: | https://www.uecu.com |
| Branches: | 3 branch locations |
| Members: | 5,406 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 81688 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,404,934 |
| CEO/Manager: | Kara J Johnston |
| Chairperson: | Bev B Bowlby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,164,029 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,420,077 |
| Unsecured Loans | 4,185,054 |
| Other Loans | 28,334,047 |
| TOTAL LOANS | 42,939,178 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -161,712 |
| Land And Building | 1,570,325 |
| Other Fixed Assets | 34,138 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,404,934 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 147 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 210,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,771,526 |
| Regular shares | 30,840,610 |
| All Other Shares & Deposits | 12,682,411 |
| TOTAL SHARES & DEPOSITS | 51,294,547 |
| TOTAL LIABILITIES | 51,504,771 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,900,163 |
| TOTAL EQUITY | 8,900,163 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,404,934 |
| INCOME & EXPENSE | |
| Loan Income | 2,243,557 |
| Investment Income | 283,250 |
| Other Income | 232,787 |
| Total Employee Compensation & Benefits | 1,174,996 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,221,203 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 282,482 |
| Cost of Funds | 270,857 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 267,575 |
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