Sep, 30, 2025 — CANALS & TRAILS CREDIT UNION is a federally insured state chartered credit union headquartered in LOCKPORT, IL with 2 branch locations and about $33.27 million in total assets. Opened 67 years ago in 1959, CANALS & TRAILS CREDIT UNION has about 3,159 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANALS & TRAILS CREDIT UNION |
|---|---|
| Address: (Main Office) | 838 S State St LOCKPORT, IL 60441-3434 |
| Phone: | (815) 838-7159 |
| Fax: | (815) 838-5581 |
| Website: | https://www.canals-trailscu.org |
| Branches: | 2 branch locations |
| Members: | 3,159 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68508 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,265,330 |
| CEO/Manager: | Janet Schuler |
| Chairperson: | James M Wartenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 739,262 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,046,293 |
| Unsecured Loans | 594,181 |
| Other Loans | 3,937,388 |
| TOTAL LOANS | 8,577,862 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,974 |
| Land And Building | 605,188 |
| Other Fixed Assets | 56,511 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 299,476 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,265,330 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,587 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,837,942 |
| Regular shares | 22,233,879 |
| All Other Shares & Deposits | 2,633,388 |
| TOTAL SHARES & DEPOSITS | 29,705,209 |
| TOTAL LIABILITIES | 29,758,796 |
| Regular Reserve | 0 |
| Other Reserves | 295,165 |
| Undivided Earnings | 3,211,369 |
| TOTAL EQUITY | 3,506,534 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,265,330 |
| INCOME & EXPENSE | |
| Loan Income | 375,590 |
| Investment Income | 522,156 |
| Other Income | 93,216 |
| Total Employee Compensation & Benefits | 325,622 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 443,013 |
| Non-operating Income & (Expense) | -3,550 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,797 |
| Cost of Funds | 27,444 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 218,672 |
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