Sep, 30, 2025 — GENERATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in ROCKFORD, IL with 2 branch locations and about $22.57 million in total assets. Opened 82 years ago in 1944, GENERATIONS CREDIT UNION has about 2,135 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: | GENERATIONS CREDIT UNION |
|---|---|
| Address: (Main Office) | 5618 Harrison Ave ROCKFORD, IL 61108 |
| Phone: | (815) 316-2900 |
| Fax: | (815) 316-2902 |
| Website: | https://www.generationscu.org |
| Branches: | 2 branch locations |
| Members: | 2,135 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60429 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,569,978 |
| CEO/Manager: | Karen L Jurasek |
| Chairperson: | Dale Hillers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 795,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,606,756 |
| Unsecured Loans | 1,006,396 |
| Other Loans | 5,382,853 |
| TOTAL LOANS | 9,996,005 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -169,263 |
| Land And Building | 790,052 |
| Other Fixed Assets | 46,811 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 187,072 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,569,978 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 97,018 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 46,708 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,907,313 |
| Regular shares | 10,185,151 |
| All Other Shares & Deposits | 5,792,393 |
| TOTAL SHARES & DEPOSITS | 18,884,857 |
| TOTAL LIABILITIES | 19,028,583 |
| Regular Reserve | 0 |
| Other Reserves | 14,730 |
| Undivided Earnings | 3,526,665 |
| TOTAL EQUITY | 3,541,395 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,569,978 |
| INCOME & EXPENSE | |
| Loan Income | 509,126 |
| Investment Income | 290,105 |
| Other Income | 66,843 |
| Total Employee Compensation & Benefits | 310,976 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 321,555 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,783 |
| Cost of Funds | 169,247 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 127,983 |
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