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SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $18.23 million in total assets. Opened 58 years ago in 1964, SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION has about 908 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
4625 W 107th St
OAK LAWN, IL 60453-5865
Phone:(708) 423-8065
Fax:(708) 423-8702
Website:n/a
Branches:1 branch locations
Members:908
Credit Union Type:Federal Credit Union
Charter Number:16453
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1964
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$18,228,533
CEO/Manager:Colleen Dillon
Chairperson:Allan Burnson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,318,735
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 364,713
 Other Loans 1,181,160
 TOTAL LOANS 1,545,873
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,046
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 139,130
 All Other Assets 0
  TOTAL ASSETS 18,228,533
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,329
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 16,891,749
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 16,891,749
  TOTAL LIABILITIES 16,893,078
 Regular Reserve 0
 Other Reserves 278,546
 Undivided Earnings 1,056,909
  TOTAL EQUITY 1,335,455
  TOTAL LIABILITIES, SHARES, & EQUITY 18,228,533
INCOME & EXPENSE  
 Loan Income 18,845
 Investment Income 34,591
 Other Income 520
 Total Employee Compensation & Benefits 27,073
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,500
 Non-operating Income & (Expense) 2,831
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,013
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,201
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