SWEDISH AMERICAN FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — SWEDISH AMERICAN FEDERAL CREDIT UNION is a federal credit union headquartered in Rockford, IL with 1 branch location and about $5.16 million in total assets. Opened 52 years ago in 1972, SWEDISH AMERICAN FEDERAL CREDIT UNION has about 1,171 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SWEDISH AMERICAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1401 E State St Rockford, IL 61104-2315 |
| Phone: | (779) 696-4096 |
| Fax: | (779) 696-3975 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,171 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21111 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,163,813 |
| CEO/Manager: | Kelli M Earlywine |
| Chairperson: | Carrie A Young |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 672,544 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 114,662 |
| Other Loans | 1,008,920 |
| TOTAL LOANS | 1,123,582 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,957 |
| Land And Building | 0 |
| Other Fixed Assets | 468 |
| NCUSIF Deposit | 45,565 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,163,813 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,085 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,624,068 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,624,068 |
| TOTAL LIABILITIES | 4,635,168 |
| Regular Reserve | 0 |
| Other Reserves | 100,222 |
| Undivided Earnings | 428,423 |
| TOTAL EQUITY | 528,645 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,163,813 |
| INCOME & EXPENSE | |
| Loan Income | 43,642 |
| Investment Income | 24,619 |
| Other Income | 9,918 |
| Total Employee Compensation & Benefits | 59,146 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,686 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 450 |
| Cost of Funds | 341 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -188 |
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