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 |
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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 |
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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 |
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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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