Sep, 30, 2025 — SCOTT CREDIT UNION is a federally insured state chartered credit union headquartered in EDWARDSVILLE, IL with 23 branch locations and about $1.77 billion in total assets. Opened 83 years ago in 1943, SCOTT CREDIT UNION has about 134,916 members and employs 345 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCOTT CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 Credit Union Way EDWARDSVILLE, IL 62025 |
| Phone: | (618) 345-1000 |
| Fax: | (618) 659-8578 |
| Website: | https://www.scu.org |
| Branches: | 23 branch locations |
| Members: | 134,916 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66370 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,773,500,732 |
| CEO/Manager: | Frank M Padak |
| Chairperson: | Lawrence Haffner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 350,498,304 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,252,763 |
| Real Estate Loans | 519,065,439 |
| Unsecured Loans | 47,598,150 |
| Other Loans | 583,229,576 |
| TOTAL LOANS | 1,150,261,709 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,299,593 |
| Land And Building | 28,700,263 |
| Other Fixed Assets | 4,224,799 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,795,222 |
| All Other Assets | 135,742 |
| TOTAL ASSETS | 1,773,500,732 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,310,091 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,253,727 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 379,360,846 |
| Regular shares | 629,722,139 |
| All Other Shares & Deposits | 565,814,641 |
| TOTAL SHARES & DEPOSITS | 1,574,897,626 |
| TOTAL LIABILITIES | 1,605,461,444 |
| Regular Reserve | 0 |
| Other Reserves | -4,033,191 |
| Undivided Earnings | 172,072,479 |
| TOTAL EQUITY | 168,039,288 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,773,500,732 |
| INCOME & EXPENSE | |
| Loan Income | 51,757,034 |
| Investment Income | 21,886,468 |
| Other Income | 6,561,801 |
| Total Employee Compensation & Benefits | 25,308,046 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 23,137,638 |
| Non-operating Income & (Expense) | -8,401 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,427,168 |
| Cost of Funds | 21,838,913 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,156,864 |
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