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TEE-PAK CREDIT UNION

Dec, 31, 2023 — TEE-PAK CREDIT UNION is a federally insured state chartered credit union headquartered in DANVILLE, IL with 2 branch locations and about $21.97 million in total assets. Opened 75 years ago in 1949, TEE-PAK CREDIT UNION has about 2,504 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TEE-PAK CREDIT UNION
Address:
(Main Office)
1035 E Main St
DANVILLE, IL 61832-6037
Phone:(217) 477-4428
Fax:(217) 477-5251
Website:https://www.teepakcu.com
Branches:2 branch locations
Members:2,504
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60390
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1949
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$21,974,452
CEO/Manager:Amber Hahn
Chairperson:Troy Pearson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,746,863
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,101,378
 Unsecured Loans 1,961,062
 Other Loans 10,177,460
 TOTAL LOANS 13,239,900
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -132,165
 Land And Building 695,514
 Other Fixed Assets 134,626
 NCUSIF Deposit 188,355
 All Other Assets 0
  TOTAL ASSETS 21,974,452
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 344,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,535,739
 Regular shares 11,595,548
 All Other Shares & Deposits 2,563,471
  TOTAL SHARES & DEPOSITS 17,694,758
  TOTAL LIABILITIES 18,039,025
 Regular Reserve 0
 Other Reserves 877,129
 Undivided Earnings 3,058,298
  TOTAL EQUITY 3,935,427
  TOTAL LIABILITIES, SHARES, & EQUITY 21,974,452
INCOME & EXPENSE  
 Loan Income 763,309
 Investment Income 207,426
 Other Income 308,321
 Total Employee Compensation & Benefits 407,840
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 875,806
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 62,870
 Cost of Funds 17,614
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,442
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