Sep, 30, 2025 — SOUTHERN LAKES CREDIT UNION is a federally insured state chartered credit union headquartered in KENOSHA, WI with 3 branch locations and about $107.51 million in total assets. Opened 91 years ago in 1935, SOUTHERN LAKES CREDIT UNION has about 9,683 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 St KENOSHA, WI 53142 |
| Phone: | (262) 694-1600 |
| Fax: | (262) 694-5546 |
| Website: | https://www.southernlakescu.org |
| Branches: | 3 branch locations |
| Members: | 9,683 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $107,507,362 |
| CEO/Manager: | John Lyon |
| Chairperson: | John Morrissey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,263,753 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,745,103 |
| Unsecured Loans | 2,383,228 |
| Other Loans | 52,867,165 |
| TOTAL LOANS | 70,995,497 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -790,732 |
| Land And Building | 668,989 |
| Other Fixed Assets | 151,040 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 917,953 |
| All Other Assets | 13,375 |
| TOTAL ASSETS | 107,507,362 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44,914 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 772,584 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,402,034 |
| Regular shares | 43,593,356 |
| All Other Shares & Deposits | 32,149,408 |
| TOTAL SHARES & DEPOSITS | 96,144,799 |
| TOTAL LIABILITIES | 96,962,297 |
| Regular Reserve | 0 |
| Other Reserves | -9,940 |
| Undivided Earnings | 10,555,005 |
| TOTAL EQUITY | 10,545,065 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 107,507,362 |
| INCOME & EXPENSE | |
| Loan Income | 2,810,117 |
| Investment Income | 1,079,648 |
| Other Income | 227,381 |
| Total Employee Compensation & Benefits | 1,637,311 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,667,565 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 427,040 |
| Cost of Funds | 276,977 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 427,368 |
| ↑ Back to Top | |