CANAAN CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.canaancreditunion.org for more information.
Dec, 31, 2023 — CANAAN CREDIT UNION is a federally insured state chartered credit union headquartered in Urbana, IL with 0 branch location and about $250,900 in total assets. Opened 23 years ago in 2001, CANAAN CREDIT UNION has about 154 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANAAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 404 W Main St Urbana, IL 61801-2618 |
| Phone: | (217) 367-2158 |
| Fax: | (217) 367-5130 |
| Website: | https://www.canaancreditunion.org |
| Branches: | 0 branch locations |
| Members: | 154 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68472 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2001 |
| Last Audited: | Aug 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $250,900 |
| CEO/Manager: | Sheena Bruett |
| Chairperson: | Rev. B.J. Tatum |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 145,776 |
| TOTAL INVESTMENTS | 833 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 41,485 |
| Other Loans | 0 |
| TOTAL LOANS | 41,485 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,738 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 3,385 |
| All Other Assets | 68,159 |
| TOTAL ASSETS | 250,900 |
| 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 | 238,337 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 238,337 |
| TOTAL LIABILITIES | 238,337 |
| Regular Reserve | 4,461 |
| Other Reserves | 0 |
| Undivided Earnings | 8,102 |
| TOTAL EQUITY | 12,563 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 250,900 |
| INCOME & EXPENSE | |
| Loan Income | 9,535 |
| Investment Income | 595 |
| Other Income | 69,255 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 83,636 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,600 |
| Cost of Funds | 2,391 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -10,242 |
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