Dec, 31, 2023 — CBI FEDERAL CREDIT UNION is a federal credit union headquartered in PLAINFIELD, IL with 2 branch locations and about $18.99 million in total assets. Opened 61 years ago in 1963, CBI FEDERAL CREDIT UNION has about 1,369 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: | CBI FEDERAL CREDIT UNION |
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Address: (Main Office) | 13717 S Route 30 Ste 157 PLAINFIELD, IL 60544-5560 |
Phone: | (815) 439-6676 |
Fax: | (815) 439-5010 |
Website: | https://cbifcu.org |
Branches: | 2 branch locations |
Members: | 1,369 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15848 |
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Membership Type: | Manufacturing - Primary and Fabricated Metals |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,987,545 |
CEO/Manager: | Michele Timpe |
Chairperson: | David A Lacey |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,245,883 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,971,740 |
Unsecured Loans | 812,682 |
Other Loans | 2,734,284 |
TOTAL LOANS | 7,518,706 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,299 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 185,602 |
All Other Assets | 0 |
TOTAL ASSETS | 18,987,545 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,896 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,976,906 |
Regular shares | 8,432,562 |
All Other Shares & Deposits | 3,789,133 |
TOTAL SHARES & DEPOSITS | 17,198,601 |
TOTAL LIABILITIES | 17,224,497 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,763,048 |
TOTAL EQUITY | 1,763,048 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,987,545 |
INCOME & EXPENSE | |
Loan Income | 328,900 |
Investment Income | 257,841 |
Other Income | 21,423 |
Total Employee Compensation & Benefits | 203,964 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 352,137 |
Non-operating Income & (Expense) | 8,268 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,000 |
Cost of Funds | 47,191 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 38,771 |
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