Sep, 30, 2025 — SALEM SCHOOL SYSTEM CREDIT UNION is a federally insured state chartered credit union headquartered in SALEM, IL with 1 branch location and about $2.16 million in total assets. Opened 70 years ago in 1956, SALEM SCHOOL SYSTEM CREDIT UNION has about 371 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SALEM SCHOOL SYSTEM CREDIT UNION |
|---|---|
| Address: (Main Office) | Salem Community High School SALEM, IL 62881-4204 |
| Phone: | (618) 548-1009 |
| Fax: | |
| Website: | https://www.salemschoolscreditunion.com/ |
| Branches: | 1 branch locations |
| Members: | 371 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65346 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,160,902 |
| CEO/Manager: | Amy Detering |
| Chairperson: | Melissa Hogan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,831 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 248,347 |
| Other Loans | 1,411,548 |
| TOTAL LOANS | 1,659,895 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,589 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,326 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,160,902 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,683 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,479,807 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,479,807 |
| TOTAL LIABILITIES | 1,481,490 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 679,412 |
| TOTAL EQUITY | 679,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,160,902 |
| INCOME & EXPENSE | |
| Loan Income | 89,811 |
| Investment Income | 10,500 |
| Other Income | 30 |
| Total Employee Compensation & Benefits | 38,817 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,175 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,796 |
| Cost of Funds | 16,035 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,518 |
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