Sep, 30, 2025 — SELECT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in STERLING, IL with 1 branch location and about $72.70 million in total assets. Opened 69 years ago in 1957, SELECT EMPLOYEES CREDIT UNION has about 5,830 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELECT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2412 Freeport Rd STERLING, IL 61081-7626 |
| Phone: | (815) 626-8181 |
| Fax: | (815) 626-1236 |
| Website: | https://www.selectcu.com |
| Branches: | 1 branch locations |
| Members: | 5,830 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60531 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $72,701,478 |
| CEO/Manager: | Susan M Branch |
| Chairperson: | Richard Douglas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,705,077 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,207,293 |
| Unsecured Loans | 4,740,623 |
| Other Loans | 32,910,493 |
| TOTAL LOANS | 49,858,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -425,067 |
| Land And Building | 622,048 |
| Other Fixed Assets | 169,867 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 571,154 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,701,478 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 297,244 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,637,764 |
| Regular shares | 40,154,427 |
| All Other Shares & Deposits | 7,468,353 |
| TOTAL SHARES & DEPOSITS | 63,260,544 |
| TOTAL LIABILITIES | 63,557,788 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,143,690 |
| TOTAL EQUITY | 9,143,690 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,701,478 |
| INCOME & EXPENSE | |
| Loan Income | 1,826,368 |
| Investment Income | 702,631 |
| Other Income | 147,915 |
| Total Employee Compensation & Benefits | 616,241 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 978,722 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -49,890 |
| Cost of Funds | 423,927 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,043,099 |
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