Dec, 31, 2023 — CREDIT UNION 1 is a federally insured state chartered credit union headquartered in RANTOUL, IL with 15 branch locations and about $1.70 billion in total assets. Opened 66 years ago in 1958, CREDIT UNION 1 has about 125,000 members and employs 332 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION 1 |
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Address: (Main Office) | 200 E Champaign Ave RANTOUL, IL 61866-2930 |
Phone: | (800) 252-6950 |
Fax: | (217) 892-4643 |
Website: | https://www.creditunion1.org |
Branches: | 15 branch locations |
Members: | 125,000 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68727 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,699,028,664 |
CEO/Manager: | Todd Gunderson |
Chairperson: | Robert Eberhardt |
ASSETS: | $ Amount |
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Cash & Equivalents | 349,069,241 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 829,467,502 |
Unsecured Loans | 36,552,501 |
Other Loans | 330,555,527 |
TOTAL LOANS | 1,196,575,527 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,749,833 |
Land And Building | 2,398,426 |
Other Fixed Assets | 18,463,684 |
NCUSIF Deposit | 13,037,073 |
All Other Assets | 2,010,163 |
TOTAL ASSETS | 1,699,028,664 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,994 |
Notes & Interest Payable | 54,879,486 |
Accounts Payable & Other Liabilities | 58,605,425 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,500,000 |
Share Drafts | 333,492,697 |
Regular shares | 677,284,516 |
All Other Shares & Deposits | 431,318,735 |
TOTAL SHARES & DEPOSITS | 1,442,095,948 |
TOTAL LIABILITIES | 1,566,105,853 |
Regular Reserve | 0 |
Other Reserves | 54,218,981 |
Undivided Earnings | 78,703,830 |
TOTAL EQUITY | 132,922,811 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,699,028,664 |
INCOME & EXPENSE | |
Loan Income | 58,151,279 |
Investment Income | 12,493,611 |
Other Income | 9,945,792 |
Total Employee Compensation & Benefits | 39,217,611 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,599,925 |
Non-operating Income & (Expense) | 6,964,222 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -182,576 |
Cost of Funds | 18,570,329 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,857,635 |
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