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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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