Dec, 31, 2021 — SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $7.21 million in total assets. Opened 19 years ago in 2003, SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION has about 1,700 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5401 S Wentworth Ave CHICAGO, IL 60609-6349 |
| Phone: | (773) 548-5500 |
| Fax: | (773) 548-5533 |
| Website: | http://www.southsidecommunityfcu.org/ |
| Branches: | 1 branch locations |
| Members: | 1,700 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24704 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2003 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,214,151 |
| CEO/Manager: | Gregg H Brown |
| Chairperson: | Byron Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,919,539 |
| TOTAL INVESTMENTS | 2,486,771 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 195,654 |
| Unsecured Loans | 128,919 |
| Other Loans | 1,405,403 |
| TOTAL LOANS | 1,729,976 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,990 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 53,937 |
| All Other Assets | 39,918 |
| TOTAL ASSETS | 7,214,151 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 30,000 |
| Accounts Payable & Other Liabilities | 526,229 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 170,000 |
| Share Drafts | 832,782 |
| Regular shares | 4,408,351 |
| All Other Shares & Deposits | 383,746 |
| TOTAL SHARES & DEPOSITS | 5,624,879 |
| TOTAL LIABILITIES | 6,351,108 |
| Regular Reserve | 68,260 |
| Other Reserves | 0 |
| Undivided Earnings | 794,783 |
| TOTAL EQUITY | 863,043 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,214,151 |
| INCOME & EXPENSE | |
| Loan Income | 111,687 |
| Investment Income | 13,446 |
| Other Income | 53,370 |
| Total Employee Compensation & Benefits | 293,299 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 169,791 |
| Non-operating Income & (Expense) | 778,123 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,337 |
| Cost of Funds | 7,200 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 499,112 |
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