Dec, 31, 2022 — STATE FARM FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMINGTON, IL with 1 branch location and about $5.46 billion in total assets. Opened 87 years ago in 1936, STATE FARM FEDERAL CREDIT UNION has about 120,417 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 |
|---|---|
| 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: | 120,417 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1273 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,458,643,284 |
| CEO/Manager: | Steve Gorrie |
| Chairperson: | Holly Roberts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -11,762,427 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 99,578 |
| Unsecured Loans | 187,776,018 |
| Other Loans | 765,350,346 |
| TOTAL LOANS | 953,225,942 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -508,191 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 42,323,518 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,458,643,284 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 524,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,829,454,990 |
| All Other Shares & Deposits | 133,697,587 |
| TOTAL SHARES & DEPOSITS | 4,963,152,577 |
| TOTAL LIABILITIES | 4,963,677,171 |
| Regular Reserve | 0 |
| Other Reserves | -169,188,155 |
| Undivided Earnings | 664,154,268 |
| TOTAL EQUITY | 494,966,113 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,458,643,284 |
| INCOME & EXPENSE | |
| Loan Income | 21,743,253 |
| Investment Income | 28,816,597 |
| Other Income | 804,322 |
| Total Employee Compensation & Benefits | 8,207,787 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,595,917 |
| Non-operating Income & (Expense) | 9,595,984 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,245,108 |
| Cost of Funds | 36,824,226 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,958,232 |
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