Dec, 31, 2021 — DISTRICT 123 FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $3.19 million in total assets. Opened 57 years ago in 1965, DISTRICT 123 FEDERAL CREDIT UNION has about 297 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 |
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Address: (Main Office) | 9830 Brandt Ave OAK LAWN, IL 60453 |
Phone: | (708) 952-7749 |
Fax: | (708) 857-5742 |
Website: | http://d123.virtualcu.net |
Branches: | 1 branch locations |
Members: | 297 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17023 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,190,057 |
CEO/Manager: | Kathryn Frederick |
Chairperson: | Kathleen Singleterry |
ASSETS: | $ Amount |
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Cash & Equivalents | 333,265 |
TOTAL INVESTMENTS | 2,124,357 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 196,966 |
Other Loans | 499,176 |
TOTAL LOANS | 696,142 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,961 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 24,281 |
All Other Assets | 14,973 |
TOTAL ASSETS | 3,190,057 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,165 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,482,226 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,482,226 |
TOTAL LIABILITIES | 2,485,391 |
Regular Reserve | 130,380 |
Other Reserves | 0 |
Undivided Earnings | 574,286 |
TOTAL EQUITY | 704,666 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,190,057 |
INCOME & EXPENSE | |
Loan Income | 32,400 |
Investment Income | 29,668 |
Other Income | 26 |
Total Employee Compensation & Benefits | 30,288 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,424 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,521 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,715 |
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