Dec, 31, 2023 — ILLIANA FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CALUMET CITY, IL with 4 branch locations and about $257.66 million in total assets. Opened 88 years ago in 1936, ILLIANA FINANCIAL CREDIT UNION has about 22,204 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ILLIANA FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 Huntington Dr CALUMET CITY, IL 60409-5404 |
| Phone: | (708) 891-7800 |
| Fax: | (708) 891-8745 |
| Website: | https://www.illiana.org |
| Branches: | 4 branch locations |
| Members: | 22,204 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68425 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $257,657,956 |
| CEO/Manager: | James Henmueller |
| Chairperson: | Russell Melby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,204,970 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,867,892 |
| Unsecured Loans | 20,220,065 |
| Other Loans | 53,341,868 |
| TOTAL LOANS | 131,429,825 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,899,777 |
| Land And Building | 4,298,096 |
| Other Fixed Assets | 314,686 |
| NCUSIF Deposit | 2,226,784 |
| All Other Assets | 0 |
| TOTAL ASSETS | 257,657,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,276,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,937,181 |
| Regular shares | 101,296,613 |
| All Other Shares & Deposits | 80,149,043 |
| TOTAL SHARES & DEPOSITS | 225,382,837 |
| TOTAL LIABILITIES | 226,664,134 |
| Regular Reserve | 0 |
| Other Reserves | -7,738,023 |
| Undivided Earnings | 38,731,845 |
| TOTAL EQUITY | 30,993,822 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 257,657,956 |
| INCOME & EXPENSE | |
| Loan Income | 7,818,925 |
| Investment Income | 2,773,485 |
| Other Income | 1,642,759 |
| Total Employee Compensation & Benefits | 4,609,048 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,967,749 |
| Non-operating Income & (Expense) | 90,309 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 910,000 |
| Cost of Funds | 1,682,369 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,612,050 |
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