Dec, 31, 2023 — WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in QUINCY, IL with 1 branch location and about $22.74 million in total assets. Opened 88 years ago in 1936, WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNION has about 1,679 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: | WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1416 MAINE ST QUINCY, IL 62301 |
Phone: | (217) 224-2091 |
Fax: | (217) 224-2092 |
Website: | https://wisecu.com |
Branches: | 1 branch locations |
Members: | 1,679 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65426 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,735,607 |
CEO/Manager: | Amanda M Sparks |
Chairperson: | Jennifer Scott |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,097,906 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,079,502 |
Other Loans | 15,560,858 |
TOTAL LOANS | 17,640,360 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,552 |
Land And Building | 0 |
Other Fixed Assets | 167,098 |
NCUSIF Deposit | 196,646 |
All Other Assets | 0 |
TOTAL ASSETS | 22,735,607 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 299,512 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 18,903,896 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 18,903,896 |
TOTAL LIABILITIES | 19,203,408 |
Regular Reserve | 0 |
Other Reserves | 519,235 |
Undivided Earnings | 3,012,964 |
TOTAL EQUITY | 3,532,199 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,735,607 |
INCOME & EXPENSE | |
Loan Income | 662,955 |
Investment Income | 249,781 |
Other Income | 4,570 |
Total Employee Compensation & Benefits | 213,860 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 132,767 |
Non-operating Income & (Expense) | 28,036 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,015 |
Cost of Funds | 467,367 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 110,333 |
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» See also Statement of Financial Condition