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SOURCEONE CREDIT UNION

Mar, 31, 2022 — 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 90 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:http://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

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Financial Summary

» See also Statement of Financial Condition
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 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 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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