Dec, 31, 2023 — SELECT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in STERLING, IL with 1 branch location and about $68.64 million in total assets. Opened 67 years ago in 1957, SELECT EMPLOYEES CREDIT UNION has about 5,417 members and employs 13 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: | 5,417 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,639,509 |
| CEO/Manager: | Susan M Branch |
| Chairperson: | Richard Douglas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,902,771 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,165,496 |
| Unsecured Loans | 4,693,800 |
| Other Loans | 18,847,532 |
| TOTAL LOANS | 36,706,829 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -507,074 |
| Land And Building | 667,607 |
| Other Fixed Assets | 39,491 |
| NCUSIF Deposit | 599,190 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,639,509 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 546,278 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,240,878 |
| Regular shares | 38,137,073 |
| All Other Shares & Deposits | 6,985,977 |
| TOTAL SHARES & DEPOSITS | 61,363,928 |
| TOTAL LIABILITIES | 61,910,206 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,729,303 |
| TOTAL EQUITY | 6,729,303 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,639,509 |
| INCOME & EXPENSE | |
| Loan Income | 1,630,383 |
| Investment Income | 1,314,769 |
| Other Income | 204,677 |
| Total Employee Compensation & Benefits | 851,576 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,066,027 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 107,685 |
| Cost of Funds | 145,113 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,387,134 |
| ↑ Back to Top | |