Dec, 31, 2023 — ILLINOIS VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in PERU, IL with 2 branch locations and about $37.32 million in total assets. Opened 69 years ago in 1955, ILLINOIS VALLEY CREDIT UNION has about 4,323 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ILLINOIS VALLEY CREDIT UNION |
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Address: (Main Office) | 1311 Shooting Park Rd PERU, IL 61354 |
Phone: | (815) 224-2666 |
Fax: | (815) 224-2691 |
Website: | https://www.ivcu.com |
Branches: | 2 branch locations |
Members: | 4,323 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62121 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,318,989 |
CEO/Manager: | Thomas J Kist |
Chairperson: | Polly Ragazincky |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,953,651 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,772,214 |
Unsecured Loans | 1,129,547 |
Other Loans | 25,444,768 |
TOTAL LOANS | 31,346,530 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,904 |
Land And Building | 1,278,280 |
Other Fixed Assets | 146,219 |
NCUSIF Deposit | 315,601 |
All Other Assets | 46,577 |
TOTAL ASSETS | 37,318,989 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -80,432 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,628,696 |
Regular shares | 15,045,102 |
All Other Shares & Deposits | 12,773,845 |
TOTAL SHARES & DEPOSITS | 33,447,644 |
TOTAL LIABILITIES | 33,367,234 |
Regular Reserve | 0 |
Other Reserves | 465,933 |
Undivided Earnings | 3,485,822 |
TOTAL EQUITY | 3,951,755 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,318,989 |
INCOME & EXPENSE | |
Loan Income | 1,711,548 |
Investment Income | 34,012 |
Other Income | 256,477 |
Total Employee Compensation & Benefits | 662,338 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,067,822 |
Non-operating Income & (Expense) | 13,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 94,624 |
Cost of Funds | 272,200 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 99,511 |
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» See also Statement of Financial Condition