Dec, 31, 2023 — TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in PEKIN, IL with 2 branch locations and about $26.26 million in total assets. Opened 74 years ago in 1950, TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNION has about 1,066 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1470 Valle Vista Blvd PEKIN, IL 61554 |
| Phone: | (309) 347-6013 |
| Fax: | (309) 347-6239 |
| Website: | https://www.tcsecu.com |
| Branches: | 2 branch locations |
| Members: | 1,066 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63672 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,257,070 |
| CEO/Manager: | Kevin Freeman |
| Chairperson: | Paula Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 129,391 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,323 |
| Unsecured Loans | 388,159 |
| Other Loans | 5,849,964 |
| TOTAL LOANS | 6,254,446 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,388 |
| Land And Building | 173,323 |
| Other Fixed Assets | 60,571 |
| NCUSIF Deposit | 224,940 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,257,070 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,550 |
| Notes & Interest Payable | 35,000 |
| Accounts Payable & Other Liabilities | 32,945 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,839,847 |
| Regular shares | 10,005,610 |
| All Other Shares & Deposits | 10,856,859 |
| TOTAL SHARES & DEPOSITS | 22,702,316 |
| TOTAL LIABILITIES | 22,803,811 |
| Regular Reserve | 0 |
| Other Reserves | 1,123,560 |
| Undivided Earnings | 2,329,699 |
| TOTAL EQUITY | 3,453,259 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,257,070 |
| INCOME & EXPENSE | |
| Loan Income | 324,625 |
| Investment Income | 466,834 |
| Other Income | 33,694 |
| Total Employee Compensation & Benefits | 236,170 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 323,075 |
| Non-operating Income & (Expense) | 7,375 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,206 |
| Cost of Funds | 265,471 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,078 |
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