Dec, 31, 2023 — DISTRICT 123 FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $2.36 million in total assets. Opened 59 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) | 9830 Brandt Ave OAK LAWN, IL 60453 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,361,691 |
| CEO/Manager: | Kathryn Frederick |
| Chairperson: | Jane Savaglio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 73,133 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 173,436 |
| Other Loans | 569,146 |
| TOTAL LOANS | 742,581 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 20,444 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,361,691 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,319 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,651,465 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,651,465 |
| TOTAL LIABILITIES | 1,655,784 |
| Regular Reserve | 0 |
| Other Reserves | 130,380 |
| Undivided Earnings | 575,527 |
| TOTAL EQUITY | 705,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,361,691 |
| INCOME & EXPENSE | |
| Loan Income | 32,140 |
| Investment Income | 23,597 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 31,926 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,416 |
| Non-operating Income & (Expense) | -1,145 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,782 |
| Cost of Funds | 9,737 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,654 |
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