Dec, 31, 2023 — LINXUS CREDIT UNION is a federally insured state chartered credit union headquartered in MACHESNEY PARK, IL with 1 branch location and about $17.08 million in total assets. Opened 97 years ago in 1927, LINXUS CREDIT UNION has about 2,226 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LINXUS CREDIT UNION |
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Address: (Main Office) | 1405 W Lane Rd Ste A MACHESNEY PARK, IL 61115-1660 |
Phone: | (815) 282-8711 |
Fax: | (815) 282-4745 |
Website: | https://www.linxuscu.org |
Branches: | 1 branch locations |
Members: | 2,226 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64948 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1927 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,083,958 |
CEO/Manager: | Tracy Beyer |
Chairperson: | Kirk Gille |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,151,577 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 59,169 |
Unsecured Loans | 871,742 |
Other Loans | 6,650,548 |
TOTAL LOANS | 7,581,459 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,831 |
Land And Building | 0 |
Other Fixed Assets | 3,067 |
NCUSIF Deposit | 164,175 |
All Other Assets | 1,730 |
TOTAL ASSETS | 17,083,958 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,864 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,008,487 |
Regular shares | 13,395,780 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 14,404,267 |
TOTAL LIABILITIES | 14,418,131 |
Regular Reserve | 0 |
Other Reserves | 984,290 |
Undivided Earnings | 1,681,537 |
TOTAL EQUITY | 2,665,827 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,083,958 |
INCOME & EXPENSE | |
Loan Income | 368,698 |
Investment Income | 309,507 |
Other Income | 44,540 |
Total Employee Compensation & Benefits | 268,645 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 331,447 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 133,040 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 21,645 |
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» See also Statement of Financial Condition