Sep, 30, 2025 — ILLINOIS EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, IL with 2 branch locations and about $121.93 million in total assets. Opened 88 years ago in 1938, ILLINOIS EDUCATORS CREDIT UNION has about 10,016 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ILLINOIS EDUCATORS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3101 Montvale Dr SPRINGFIELD, IL 62704-4260 |
| Phone: | (217) 528-2642 |
| Fax: | (217) 528-2681 |
| Website: | https://www.iecumember.org |
| Branches: | 2 branch locations |
| Members: | 10,016 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65305 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $121,933,956 |
| CEO/Manager: | Jody L Dabrowski |
| Chairperson: | Tiffany Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,312,254 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,156,627 |
| Unsecured Loans | 6,454,477 |
| Other Loans | 74,121,333 |
| TOTAL LOANS | 94,732,437 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -986,236 |
| Land And Building | 2,234,795 |
| Other Fixed Assets | 206,121 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 861,904 |
| All Other Assets | 0 |
| TOTAL ASSETS | 121,933,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,304 |
| Notes & Interest Payable | 12,750,000 |
| Accounts Payable & Other Liabilities | 671,409 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,239,684 |
| Regular shares | 45,285,180 |
| All Other Shares & Deposits | 35,363,475 |
| TOTAL SHARES & DEPOSITS | 95,888,338 |
| TOTAL LIABILITIES | 109,373,051 |
| Regular Reserve | 0 |
| Other Reserves | 1,576,846 |
| Undivided Earnings | 10,984,059 |
| TOTAL EQUITY | 12,560,905 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,933,956 |
| INCOME & EXPENSE | |
| Loan Income | 3,724,939 |
| Investment Income | 564,155 |
| Other Income | 508,969 |
| Total Employee Compensation & Benefits | 1,259,484 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,654,107 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 590,000 |
| Cost of Funds | 1,094,966 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 734,087 |
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