Sep, 30, 2025 — SOUTH SHOP FEDERAL CREDIT UNION is a federal credit union headquartered in ALSIP, IL with 1 branch location and about $11.52 million in total assets. Opened 88 years ago in 1938, SOUTH SHOP FEDERAL CREDIT UNION has about 1,304 members and employs 5 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: | https://www.southshopfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,304 |
| 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: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,517,016 |
| CEO/Manager: | Brittani Lis |
| Chairperson: | Marcelo Rosa, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 998,101 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,492,535 |
| Other Loans | 3,047,030 |
| TOTAL LOANS | 4,539,565 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,723 |
| Land And Building | 0 |
| Other Fixed Assets | 2 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 91,551 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,517,016 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,298 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,002,556 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,002,556 |
| TOTAL LIABILITIES | 9,102,854 |
| Regular Reserve | 0 |
| Other Reserves | 714,795 |
| Undivided Earnings | 1,699,367 |
| TOTAL EQUITY | 2,414,162 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,517,016 |
| INCOME & EXPENSE | |
| Loan Income | 267,646 |
| Investment Income | 110,166 |
| Other Income | 4,806 |
| Total Employee Compensation & Benefits | 153,379 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 89,006 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 50,710 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 89,523 |
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