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National Credit Union Service Organization

SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION

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

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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