Dec, 31, 2023 — BAXTER CREDIT UNION is a federally insured state chartered credit union headquartered in VERNON HILLS, IL with 54 branch locations and about $5.90 billion in total assets. Opened 44 years ago in 1980, BAXTER CREDIT UNION has about 350,088 members and employs 806 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BAXTER CREDIT UNION |
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Address: (Main Office) | 340 N Milwaukee Ave VERNON HILLS, IL 60061-1533 |
Phone: | (800) 388-7000 |
Fax: | |
Website: | https://www.bcu.org |
Branches: | 54 branch locations |
Members: | 350,088 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68187 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,895,172,593 |
CEO/Manager: | Michael Valentine |
Chairperson: | Mike Curran |
ASSETS: | $ Amount |
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Cash & Equivalents | 419,621,037 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 7,985,358 |
Real Estate Loans | 2,695,341,510 |
Unsecured Loans | 877,795,088 |
Other Loans | 1,329,831,169 |
TOTAL LOANS | 4,902,967,767 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,390,588 |
Land And Building | 73,111,664 |
Other Fixed Assets | 39,297,554 |
NCUSIF Deposit | 39,873,149 |
All Other Assets | 249,031 |
TOTAL ASSETS | 5,895,172,593 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 775,000,000 |
Accounts Payable & Other Liabilities | 85,717,814 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,198,038,249 |
Regular shares | 1,048,069,735 |
All Other Shares & Deposits | 2,262,961,722 |
TOTAL SHARES & DEPOSITS | 4,509,069,706 |
TOTAL LIABILITIES | 5,369,787,520 |
Regular Reserve | 0 |
Other Reserves | -13,621,768 |
Undivided Earnings | 539,006,841 |
TOTAL EQUITY | 525,385,073 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,895,172,593 |
INCOME & EXPENSE | |
Loan Income | 258,155,777 |
Investment Income | 64,513,710 |
Other Income | 36,449,245 |
Total Employee Compensation & Benefits | 107,011,547 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 122,574,376 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,800,000 |
Cost of Funds | 140,937,053 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 39,318,537 |
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