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SOUTHERN LAKES CREDIT UNION

Mar, 31, 2021 — SOUTHERN LAKES CREDIT UNION is a federally insured state chartered credit union headquartered in KENOSHA, WI with 3 branch locations and about $114.64 million in total assets. Opened 86 years ago in 1935, SOUTHERN LAKES CREDIT UNION has about 10,040 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTHERN LAKES CREDIT UNION
Address:
(Main Office)
3000 80TH STREET
KENOSHA, WI 53142
Phone:(262) 694-1600
Fax:(262) 694-5546
Website:http://southernlakescu.org
Branches:3 branch locations
Members:10,040
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66707
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$114,639,768
CEO/Manager:Timothy Barthel
Chairperson:Helen Schumacher

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,210,200
TOTAL INVESTMENTS 21,674,439
Loans Held for Sale 0
 
 Real Estate Loans 17,087,517
 Unsecured Loans 2,926,824
 Other Loans 41,348,653
 TOTAL LOANS 61,362,994
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -185,795
 Land And Building 749,051
 Other Fixed Assets 117,228
 NCUSIF Deposit 898,059
 All Other Assets 813,592
  TOTAL ASSETS 114,639,768
LIABILITIES & CAPITAL:  
 Dividends Payable 306
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 783,068
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,554,311
 Regular shares 43,792,559
 All Other Shares & Deposits 40,120,278
  TOTAL SHARES & DEPOSITS 105,467,148
  TOTAL LIABILITIES 106,250,522
 Regular Reserve 3,385,871
 Other Reserves 65,221
 Undivided Earnings 4,938,154
  TOTAL EQUITY 8,389,246
  TOTAL LIABILITIES, SHARES, & EQUITY 114,639,768
INCOME & EXPENSE  
 Loan Income 625,162
 Investment Income 83,716
 Other Income 252,829
 Total Employee Compensation & Benefits 462,978
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 376,043
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -34,994
 Cost of Funds 56,658
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 102,626
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