Dec, 31, 2023 — EDUCATION PERSONNEL FEDERAL CREDIT UNION is a federal credit union headquartered in DANVILLE, IL with 2 branch locations and about $69.98 million in total assets. Opened 87 years ago in 1937, EDUCATION PERSONNEL FEDERAL CREDIT UNION has about 4,160 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EDUCATION PERSONNEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1102 N Walnut St DANVILLE, IL 61832 |
Phone: | (217) 446-0777 |
Fax: | (217) 446-2522 |
Website: | https://www.educationpersonnelfcu.com/ |
Branches: | 2 branch locations |
Members: | 4,160 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1969 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $69,978,462 |
CEO/Manager: | Hope M Garrett |
Chairperson: | Michael Metzen |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,593,818 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,801,805 |
Unsecured Loans | 1,554,413 |
Other Loans | 19,843,315 |
TOTAL LOANS | 37,199,533 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -140,843 |
Land And Building | 444,895 |
Other Fixed Assets | 52,694 |
NCUSIF Deposit | 640,504 |
All Other Assets | 16,000 |
TOTAL ASSETS | 69,978,462 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 92,977 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,876,159 |
Regular shares | 29,278,807 |
All Other Shares & Deposits | 22,009,349 |
TOTAL SHARES & DEPOSITS | 63,164,315 |
TOTAL LIABILITIES | 63,257,292 |
Regular Reserve | 0 |
Other Reserves | -838,671 |
Undivided Earnings | 7,559,841 |
TOTAL EQUITY | 6,721,170 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,978,462 |
INCOME & EXPENSE | |
Loan Income | 1,381,260 |
Investment Income | 438,019 |
Other Income | 220,440 |
Total Employee Compensation & Benefits | 690,828 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,098,341 |
Non-operating Income & (Expense) | 100,957 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,652 |
Cost of Funds | 317,295 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 315,124 |
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