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PARIS HI-WAY CREDIT UNION

Mar, 31, 2021 — PARIS HI-WAY CREDIT UNION is a federally insured state chartered credit union headquartered in Paris, IL with 1 branch location and about $10.74 million in total assets. Opened 66 years ago in 1955, PARIS HI-WAY CREDIT UNION has about 956 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PARIS HI-WAY CREDIT UNION
Address:
(Main Office)
PO Box 610
Paris, IL 61944
Phone:(217) 463-1772
Fax:(217) 463-2081
Website:n/a
Branches:1 branch locations
Members:956
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64242
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,738,329
CEO/Manager:JILL J COOMBES
Chairperson:Kensil Garnett

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,999,910
TOTAL INVESTMENTS 2,537,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,407,055
 Other Loans 4,799,656
 TOTAL LOANS 6,206,711
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -112,644
 Land And Building 0
 Other Fixed Assets 1,544
 NCUSIF Deposit 78,141
 All Other Assets 27,667
  TOTAL ASSETS 10,738,329
LIABILITIES & CAPITAL:  
 Dividends Payable 10,250
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,477
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,215,506
 All Other Shares & Deposits 3,071,615
  TOTAL SHARES & DEPOSITS 9,287,121
  TOTAL LIABILITIES 9,304,848
 Regular Reserve 155,286
 Other Reserves 0
 Undivided Earnings 1,278,195
  TOTAL EQUITY 1,433,481
  TOTAL LIABILITIES, SHARES, & EQUITY 10,738,329
INCOME & EXPENSE  
 Loan Income 76,462
 Investment Income 8,494
 Other Income 1,215
 Total Employee Compensation & Benefits 25,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,633
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 9,398
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 23,703
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