SOURCEONE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://source1cu.com for more information.
Sep, 30, 2025 — SOURCEONE CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $11.29 million in total assets. Opened 94 years ago in 1932, SOURCEONE CREDIT UNION has about 1,111 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOURCEONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 401 S La Salle St Ste 201 CHICAGO, IL 60605 |
| Phone: | (312) 922-0495 |
| Fax: | (312) 922-7310 |
| Website: | https://source1cu.com |
| Branches: | 1 branch locations |
| Members: | 1,111 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60878 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,285,449 |
| CEO/Manager: | Dave A Cogozzo |
| Chairperson: | ADRIENNE A DEMPSEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 767,560 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 467,890 |
| Other Loans | 1,198,291 |
| TOTAL LOANS | 1,666,181 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,785 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 99,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,285,449 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,026 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 533,759 |
| Regular shares | 9,049,612 |
| All Other Shares & Deposits | 314,537 |
| TOTAL SHARES & DEPOSITS | 9,897,908 |
| TOTAL LIABILITIES | 9,901,934 |
| Regular Reserve | 0 |
| Other Reserves | 329,000 |
| Undivided Earnings | 1,054,515 |
| TOTAL EQUITY | 1,383,515 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,285,449 |
| INCOME & EXPENSE | |
| Loan Income | 30,719 |
| Investment Income | 22,450 |
| Other Income | 3,630 |
| Total Employee Compensation & Benefits | 34,598 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 111,734 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,734 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -66,293 |
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