Sep, 30, 2025 — REDBRAND CREDIT UNION is a federally insured state chartered credit union headquartered in BARTONVILLE, IL with 2 branch locations and about $72.94 million in total assets. Opened 74 years ago in 1952, REDBRAND CREDIT UNION has about 7,410 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REDBRAND CREDIT UNION |
|---|---|
| Address: (Main Office) | 820 McKinley Ave BARTONVILLE, IL 61607 |
| Phone: | (309) 697-1447 |
| Fax: | (309) 697-1448 |
| Website: | https://www.redbrandcu.com |
| Branches: | 2 branch locations |
| Members: | 7,410 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60346 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $72,940,451 |
| CEO/Manager: | Kelly Pearce |
| Chairperson: | Troy Hatterman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,949,823 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,048,581 |
| Unsecured Loans | 1,353,782 |
| Other Loans | 33,529,580 |
| TOTAL LOANS | 39,931,943 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -425,523 |
| Land And Building | 1,191,308 |
| Other Fixed Assets | 279,029 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 622,489 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,940,451 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,649 |
| Notes & Interest Payable | 973,195 |
| Accounts Payable & Other Liabilities | 826,631 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,985,526 |
| Regular shares | 39,312,823 |
| All Other Shares & Deposits | 10,757,688 |
| TOTAL SHARES & DEPOSITS | 63,056,037 |
| TOTAL LIABILITIES | 64,858,512 |
| Regular Reserve | 0 |
| Other Reserves | -946,228 |
| Undivided Earnings | 9,028,167 |
| TOTAL EQUITY | 8,081,939 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,940,451 |
| INCOME & EXPENSE | |
| Loan Income | 1,577,377 |
| Investment Income | 538,102 |
| Other Income | 341,212 |
| Total Employee Compensation & Benefits | 827,352 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,559,028 |
| Non-operating Income & (Expense) | 174 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,000 |
| Cost of Funds | 50,750 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 412,411 |
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