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CANAAN CREDIT UNION

Mar, 31, 2021 — 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 20 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:http://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

Call Report

  • Pay Day Loans
  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
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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