I W U FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — I W U FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMINGTON, IL with 1 branch location and about $2.37 million in total assets. Opened 58 years ago in 1966, I W U FEDERAL CREDIT UNION has about 178 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I W U FEDERAL CREDIT UNION |
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Address: (Main Office) | 1312 PARK ST BLOOMINGTON, IL 61701-1773 |
Phone: | (309) 556-3376 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 178 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17456 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,372,573 |
CEO/Manager: | Marlene Gordon |
Chairperson: | Dave Marvin |
ASSETS: | $ Amount |
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Cash & Equivalents | 764,312 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 61,358 |
Other Loans | 270,266 |
TOTAL LOANS | 331,624 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,500 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 15,745 |
All Other Assets | 0 |
TOTAL ASSETS | 2,372,573 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,960,301 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,960,301 |
TOTAL LIABILITIES | 1,960,301 |
Regular Reserve | 0 |
Other Reserves | 55,714 |
Undivided Earnings | 356,558 |
TOTAL EQUITY | 412,272 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,372,573 |
INCOME & EXPENSE | |
Loan Income | 11,625 |
Investment Income | 4,849 |
Other Income | 7 |
Total Employee Compensation & Benefits | 5,545 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,542 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,587 |
Cost of Funds | 6,757 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,950 |
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» See also Statement of Financial Condition