Mar, 31, 2022 — SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $7.24 million in total assets. Opened 19 years ago in 2003, SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION has about 1,800 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: | 1,800 |
| 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: | $7,238,605 |
| CEO/Manager: | Gregg H Brown |
| Chairperson: | Byron Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,042,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 193,264 |
| Unsecured Loans | 112,971 |
| Other Loans | 1,216,898 |
| TOTAL LOANS | 1,523,133 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,921 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 53,937 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,238,605 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 463,107 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 849,733 |
| Regular shares | 4,435,488 |
| All Other Shares & Deposits | 371,578 |
| TOTAL SHARES & DEPOSITS | 5,656,799 |
| TOTAL LIABILITIES | 6,119,906 |
| Regular Reserve | 0 |
| Other Reserves | 238,260 |
| Undivided Earnings | 880,439 |
| TOTAL EQUITY | 1,118,699 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,238,605 |
| INCOME & EXPENSE | |
| Loan Income | 25,153 |
| Investment Income | 5,271 |
| Other Income | 14,022 |
| Total Employee Compensation & Benefits | 77,517 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,722 |
| Non-operating Income & (Expense) | 153,466 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 483 |
| Cost of Funds | 1,721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 85,656 |
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