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SWEDISH AMERICAN FEDERAL CREDIT UNION

Mar, 31, 2021 — SWEDISH AMERICAN FEDERAL CREDIT UNION is a federal credit union headquartered in Rockford, IL with 1 branch location and about $5.38 million in total assets. Opened 49 years ago in 1972, SWEDISH AMERICAN FEDERAL CREDIT UNION has about 1,346 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:1,346
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,380,522
CEO/Manager:Kelli M Earlywine
Chairperson:Carrie A Young

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,829,795
TOTAL INVESTMENTS 2,148,204
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 59,011
 Other Loans 1,303,367
 TOTAL LOANS 1,362,378
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,676
 Land And Building 0
 Other Fixed Assets 4,622
 NCUSIF Deposit 45,578
 All Other Assets 5,621
  TOTAL ASSETS 5,380,522
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,781
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,857,931
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,857,931
  TOTAL LIABILITIES 4,866,712
 Regular Reserve 100,222
 Other Reserves 0
 Undivided Earnings 413,588
  TOTAL EQUITY 513,810
  TOTAL LIABILITIES, SHARES, & EQUITY 5,380,522
INCOME & EXPENSE  
 Loan Income 16,010
 Investment Income 5,601
 Other Income 2,755
 Total Employee Compensation & Benefits 18,790
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,110
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 150
 Cost of Funds 113
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,683
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