Dec, 31, 2021 — ETHICON SUTURE CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $1.47 million in total assets. Opened 70 years ago in 1952, ETHICON SUTURE CREDIT UNION has about 480 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ETHICON SUTURE CREDIT UNION |
|---|---|
| Address: (Main Office) | 5235 w 65th St Unit C CHICAGO, IL 60638-5700 |
| Phone: | (708) 728-0225 |
| Fax: | (708) 594-3430 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 480 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61448 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,471,041 |
| CEO/Manager: | Cynthia Walley |
| Chairperson: | Janette Ayala |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 698,728 |
| TOTAL INVESTMENTS | 51,667 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 444,638 |
| Other Loans | 261,980 |
| TOTAL LOANS | 706,618 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,123 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 11,303 |
| All Other Assets | 9,848 |
| TOTAL ASSETS | 1,471,041 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 979,334 |
| All Other Shares & Deposits | 375,732 |
| TOTAL SHARES & DEPOSITS | 1,355,066 |
| TOTAL LIABILITIES | 1,355,066 |
| Regular Reserve | 48,600 |
| Other Reserves | 0 |
| Undivided Earnings | 67,375 |
| TOTAL EQUITY | 115,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,471,041 |
| INCOME & EXPENSE | |
| Loan Income | 42,861 |
| Investment Income | 563 |
| Other Income | 14,754 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 46,706 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,480 |
| Cost of Funds | 6,161 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,831 |
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