Sep, 30, 2025 — DISTRICT 123 FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $2.03 million in total assets. Opened 61 years ago in 1965, DISTRICT 123 FEDERAL CREDIT UNION has about 268 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DISTRICT 123 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10425 S Kolmar Ave OAK LAWN, IL 60453-4847 |
| Phone: | (708) 952-7749 |
| Fax: | (708) 857-5742 |
| Website: | https://d123.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 268 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17023 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,032,878 |
| CEO/Manager: | Kathryn Frederick |
| Chairperson: | Jane Savaglio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 372,736 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 98,498 |
| Other Loans | 323,572 |
| TOTAL LOANS | 422,071 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 0 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,082 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,032,878 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,771 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,342,507 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,342,507 |
| TOTAL LIABILITIES | 1,344,278 |
| Regular Reserve | 0 |
| Other Reserves | 130,380 |
| Undivided Earnings | 558,220 |
| TOTAL EQUITY | 688,600 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,032,878 |
| INCOME & EXPENSE | |
| Loan Income | 19,076 |
| Investment Income | 30,682 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 25,104 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,019 |
| Non-operating Income & (Expense) | -1,354 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -92 |
| Cost of Funds | 30,711 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -20,338 |
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