Credit Unions Near Me
National Credit Union Service Organization

SOUTH SHOP FEDERAL CREDIT UNION

Sep, 30, 2021 — SOUTH SHOP FEDERAL CREDIT UNION is a federal credit union headquartered in ALSIP, IL with 1 branch location and about $14.14 million in total assets. Opened 84 years ago in 1938, SOUTH SHOP FEDERAL CREDIT UNION has about 1,264 members and employs 4 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 SHOP FEDERAL CREDIT UNION
Address:
(Main Office)
3737 W 127TH ST
ALSIP, IL 60803
Phone:(708) 925-9500
Fax:(773) 873-8334
Website:http://www.southshopfcu.org
Branches:1 branch locations
Members:1,264
Credit Union Type:Federal Credit Union
Charter Number:2682
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1938
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$14,142,547
CEO/Manager:Frank LaCoco
Chairperson:Dennis Rohe

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,399,047
TOTAL INVESTMENTS 8,531,667
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,447,536
 Other Loans 2,715,229
 TOTAL LOANS 4,162,765
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -103,427
 Land And Building 0
 Other Fixed Assets 2,724
 NCUSIF Deposit 112,859
 All Other Assets 36,912
  TOTAL ASSETS 14,142,547
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 91,089
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 11,902,969
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 11,902,969
  TOTAL LIABILITIES 11,994,058
 Regular Reserve 714,796
 Other Reserves 0
 Undivided Earnings 1,433,693
  TOTAL EQUITY 2,148,489
  TOTAL LIABILITIES, SHARES, & EQUITY 14,142,547
INCOME & EXPENSE  
 Loan Income 226,466
 Investment Income 89,904
 Other Income 8,886
 Total Employee Compensation & Benefits 153,408
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 92,990
 Non-operating Income & (Expense) 70,977
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,000
 Cost of Funds 83,947
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 33,888
↑ Back to Top

Other Credit Unions

ST. HELENA PARISH CREDIT UNION
12433 S Halsted St
CHICAGO, IL 60628-7035
REAVIS - STICKNEY CREDIT UNION
6034 W 77TH ST
BURBANK, IL 60459
RESURRECTION LUTHERAN FEDERAL CREDIT UNION
9349 S WENTWORTH AVE
CHICAGO, IL 60620
DISTRICT 123 FEDERAL CREDIT UNION
4201 W 93RD ST
OAK LAWN, IL 60453
OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION
9446 RAYMOND AVE, LOWER LEVEL
OAK LAWN, IL 60453
CTA-74TH STREET DEPOT FEDERAL CREDIT UNION
10057 S Western Ave
CHICAGO, IL 60643-1925
TRINITY U.C.C. FEDERAL CREDIT UNION
400 W 95TH S
CHICAGO, IL 60628-1120
CSX CHICAGO TERMINAL CREDIT UNION
13601 S. Perry Ave
RIVERDALE, IL 60827
SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION
4625 W 107TH STREET
OAK LAWN, IL 60453
CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION
10231 S WESTERN AVE., FLOOR 2
CHICAGO, IL 60643