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SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $15.89 million in total assets. Opened 57 years ago in 1964, SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION has about 931 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:931
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:$15,888,340
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 388,654
TOTAL INVESTMENTS 13,687,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 322,497
 Other Loans 1,344,398
 TOTAL LOANS 1,666,895
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,429
 Land And Building 0
 Other Fixed Assets 1,165
 NCUSIF Deposit 116,451
 All Other Assets 61,604
  TOTAL ASSETS 15,888,340
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,556
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 14,574,146
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 14,574,146
  TOTAL LIABILITIES 14,576,702
 Regular Reserve 278,545
 Other Reserves 0
 Undivided Earnings 1,033,093
  TOTAL EQUITY 1,311,638
  TOTAL LIABILITIES, SHARES, & EQUITY 15,888,340
INCOME & EXPENSE  
 Loan Income 19,070
 Investment Income 47,598
 Other Income 380
 Total Employee Compensation & Benefits 25,734
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,357
 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 23,201
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,417
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