Dec, 31, 2023 — MID-ILLINI CREDIT UNION is a federally insured state chartered credit union headquartered in BLOOMINGTON, IL with 1 branch location and about $83.13 million in total assets. Opened 84 years ago in 1940, MID-ILLINI CREDIT UNION has about 8,958 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MID-ILLINI CREDIT UNION |
|---|---|
| Address: (Main Office) | 1811 Eastland Dr BLOOMINGTON, IL 61704 |
| Phone: | (309) 661-1166 |
| Fax: | (309) 661-0616 |
| Website: | https://www.cuforall.com |
| Branches: | 1 branch locations |
| Members: | 8,958 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63541 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $83,133,663 |
| CEO/Manager: | Tom Stewart |
| Chairperson: | Benjamin T Ryburn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,515,095 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,906,293 |
| Unsecured Loans | 7,942,761 |
| Other Loans | 36,606,063 |
| TOTAL LOANS | 61,455,117 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -680,416 |
| Land And Building | 419,076 |
| Other Fixed Assets | 497,318 |
| NCUSIF Deposit | 708,285 |
| All Other Assets | 0 |
| TOTAL ASSETS | 83,133,663 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,334 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 339,854 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,503,060 |
| Regular shares | 29,639,636 |
| All Other Shares & Deposits | 37,629,461 |
| TOTAL SHARES & DEPOSITS | 76,772,157 |
| TOTAL LIABILITIES | 77,148,345 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,985,318 |
| TOTAL EQUITY | 5,985,318 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 83,133,663 |
| INCOME & EXPENSE | |
| Loan Income | 3,562,234 |
| Investment Income | 303,879 |
| Other Income | 401,191 |
| Total Employee Compensation & Benefits | 1,591,928 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,829,437 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 272,220 |
| Cost of Funds | 982,765 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 99,198 |
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