Dec, 31, 2023 — MT. ZION CREDIT UNION is a federally insured state chartered credit union headquartered in ZION, IL with 1 branch location and about $298,212 in total assets. Opened 37 years ago in 1987, MT. ZION CREDIT UNION has about 214 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MT. ZION CREDIT UNION |
|---|---|
| Address: (Main Office) | 2500W 30th ST ZION, IL 60099-3016 |
| Phone: | (847) 872-2148 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 214 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67024 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1987 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $298,212 |
| CEO/Manager: | Laura Hamilton |
| Chairperson: | Milton O Grant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 122,972 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 11,891 |
| Other Loans | 37,912 |
| TOTAL LOANS | 49,803 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,147 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 2,207 |
| All Other Assets | 0 |
| TOTAL ASSETS | 298,212 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 232,124 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 232,125 |
| TOTAL LIABILITIES | 232,125 |
| Regular Reserve | 0 |
| Other Reserves | 9,100 |
| Undivided Earnings | 56,987 |
| TOTAL EQUITY | 66,087 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 298,212 |
| INCOME & EXPENSE | |
| Loan Income | 4,969 |
| Investment Income | 2,212 |
| Other Income | 25 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,035 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,367 |
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