Sep, 30, 2025 — IAA CREDIT UNION is a federally insured state chartered credit union headquartered in BLOOMINGTON, IL with 2 branch locations and about $390.70 million in total assets. Opened 75 years ago in 1951, IAA CREDIT UNION has about 18,012 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IAA CREDIT UNION |
|---|---|
| Address: (Main Office) | 808 Iaa Dr BLOOMINGTON, IL 61701-2214 |
| Phone: | (309) 557-2541 |
| Fax: | (309) 557-2419 |
| Website: | https://www.iaacu.org |
| Branches: | 2 branch locations |
| Members: | 18,012 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68423 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $390,697,604 |
| CEO/Manager: | Nick Brooks |
| Chairperson: | Thomas M Swearingen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,737,318 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 157,714,763 |
| Unsecured Loans | 13,774,585 |
| Other Loans | 59,897,575 |
| TOTAL LOANS | 231,685,849 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,462,349 |
| Land And Building | 0 |
| Other Fixed Assets | 2,447,205 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,980,644 |
| All Other Assets | 0 |
| TOTAL ASSETS | 390,697,604 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,715,384 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,927,448 |
| Regular shares | 64,820,910 |
| All Other Shares & Deposits | 226,032,948 |
| TOTAL SHARES & DEPOSITS | 330,781,306 |
| TOTAL LIABILITIES | 335,496,690 |
| Regular Reserve | 0 |
| Other Reserves | 10,108,653 |
| Undivided Earnings | 45,092,261 |
| TOTAL EQUITY | 55,200,914 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 390,697,604 |
| INCOME & EXPENSE | |
| Loan Income | 9,770,490 |
| Investment Income | 7,665,612 |
| Other Income | 338,844 |
| Total Employee Compensation & Benefits | 3,701,019 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,697,786 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 301,804 |
| Cost of Funds | 8,575,919 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,811,575 |
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