Dec, 31, 2023 — CONSUMERS COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in GURNEE, IL with 15 branch locations and about $3.53 billion in total assets. Opened 94 years ago in 1930, CONSUMERS COOPERATIVE CREDIT UNION has about 222,367 members and employs 500 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONSUMERS COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1075 Tri State Pkwy Ste 850 GURNEE, IL 60031-9182 |
| Phone: | (847) 623-3636 |
| Fax: | |
| Website: | https://www.myconsumers.org |
| Branches: | 15 branch locations |
| Members: | 222,367 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68588 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,525,630,823 |
| CEO/Manager: | Sean Rathjen |
| Chairperson: | Scott Drabicki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 198,594,353 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 689,500 |
| Real Estate Loans | 852,726,920 |
| Unsecured Loans | 125,755,871 |
| Other Loans | 1,579,629,938 |
| TOTAL LOANS | 2,558,112,729 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,443,509 |
| Land And Building | 40,511,909 |
| Other Fixed Assets | 19,732,052 |
| NCUSIF Deposit | 25,176,153 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,525,630,823 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,093,080 |
| Notes & Interest Payable | 446,714,129 |
| Accounts Payable & Other Liabilities | 47,808,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 698,759,593 |
| Regular shares | 679,820,077 |
| All Other Shares & Deposits | 1,402,779,512 |
| TOTAL SHARES & DEPOSITS | 2,781,359,182 |
| TOTAL LIABILITIES | 3,278,215,417 |
| Regular Reserve | 0 |
| Other Reserves | 85,002,381 |
| Undivided Earnings | 162,413,025 |
| TOTAL EQUITY | 247,415,406 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,525,630,823 |
| INCOME & EXPENSE | |
| Loan Income | 140,659,540 |
| Investment Income | 47,467,917 |
| Other Income | 13,814,590 |
| Total Employee Compensation & Benefits | 40,553,334 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 65,601,117 |
| Non-operating Income & (Expense) | -8,488,055 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,531,559 |
| Cost of Funds | 82,061,084 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,728,308 |
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