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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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