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SIUE CREDIT UNION

Dec, 31, 2023 — SIUE CREDIT UNION is a federally insured state chartered credit union headquartered in EDWARDSVILLE, IL with 1 branch location and about $28.97 million in total assets. Opened 65 years ago in 1959, SIUE CREDIT UNION has about 1,713 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:SIUE CREDIT UNION
Address:
(Main Office)
1566 Lewis Rd
EDWARDSVILLE, IL 62025
Phone:(618) 650-3760
Fax:(618) 650-3768
Website:https://www.siuecu.org
Branches:1 branch locations
Members:1,713
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65046
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1959
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$28,974,186
CEO/Manager:Matthew T Parrott
Chairperson:John M Meehan

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,486,867
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,386,848
 Unsecured Loans 935,443
 Other Loans 8,065,010
 TOTAL LOANS 11,387,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,335
 Land And Building 98,816
 Other Fixed Assets 26,914
 NCUSIF Deposit 261,244
 All Other Assets 0
  TOTAL ASSETS 28,974,186
LIABILITIES & CAPITAL:  
 Dividends Payable 896
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 375,755
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,760,562
 Regular shares 13,732,717
 All Other Shares & Deposits 6,693,421
  TOTAL SHARES & DEPOSITS 26,186,703
  TOTAL LIABILITIES 26,563,354
 Regular Reserve 0
 Other Reserves -111,344
 Undivided Earnings 2,522,176
  TOTAL EQUITY 2,410,832
  TOTAL LIABILITIES, SHARES, & EQUITY 28,974,186
INCOME & EXPENSE  
 Loan Income 657,735
 Investment Income 345,186
 Other Income 81,867
 Total Employee Compensation & Benefits 308,509
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 535,789
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 61,726
 Cost of Funds 37,526
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 249,494
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