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SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $16.00 million in total assets. Opened 57 years ago in 1964, SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION has about 927 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 STREET
OAK LAWN, IL 60453
Phone:(708) 423-8065
Fax:(708) 423-8702
Website:n/a
Branches:1 branch locations
Members:927
Credit Union Type:Federal Credit Union
Charter Number:16453
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1964
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,997,720
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 243,268
TOTAL INVESTMENTS 14,039,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 312,656
 Other Loans 1,245,478
 TOTAL LOANS 1,558,134
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,508
 Land And Building 0
 Other Fixed Assets 666
 NCUSIF Deposit 139,130
 All Other Assets 47,030
  TOTAL ASSETS 15,997,720
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,746
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 14,664,805
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 14,664,805
  TOTAL LIABILITIES 14,671,551
 Regular Reserve 278,546
 Other Reserves 0
 Undivided Earnings 1,047,623
  TOTAL EQUITY 1,326,169
  TOTAL LIABILITIES, SHARES, & EQUITY 15,997,720
INCOME & EXPENSE  
 Loan Income 37,023
 Investment Income 101,516
 Other Income 1,060
 Total Employee Compensation & Benefits 49,127
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,792
 Non-operating Income & (Expense) 3,661
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 43,394
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,947
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