KANE COUNTY TEACHERS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.kctcu.org for more information.
Sep, 30, 2025 — KANE COUNTY TEACHERS CREDIT UNION is a non-federally insured state credit union headquartered in Elgin, IL with 6 branch locations and about $373.36 million in total assets. Opened 89 years ago in 1937, KANE COUNTY TEACHERS CREDIT UNION has about 26,762 members and employs 93 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KANE COUNTY TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 S Hawthorne St Elgin, IL 60123 |
| Phone: | (847) 741-3344 |
| Fax: | (847) 741-3345 |
| Website: | https://www.kctcu.org |
| Branches: | 6 branch locations |
| Members: | 26,762 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95015 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $373,357,048 |
| CEO/Manager: | R Michael Lee |
| Chairperson: | David Kintz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,284,228 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 169,039,706 |
| Unsecured Loans | 42,487,757 |
| Other Loans | 75,716,353 |
| TOTAL LOANS | 294,439,417 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,924,494 |
| Land And Building | 4,669,194 |
| Other Fixed Assets | 638,686 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 35,945 |
| TOTAL ASSETS | 373,357,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,219,129 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 80,697,986 |
| Regular shares | 185,544,121 |
| All Other Shares & Deposits | 73,349,287 |
| TOTAL SHARES & DEPOSITS | 339,591,394 |
| TOTAL LIABILITIES | 341,810,523 |
| Regular Reserve | 0 |
| Other Reserves | -3,096,617 |
| Undivided Earnings | 34,643,142 |
| TOTAL EQUITY | 31,546,525 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 373,357,048 |
| INCOME & EXPENSE | |
| Loan Income | 9,659,971 |
| Investment Income | 1,866,158 |
| Other Income | 698,466 |
| Total Employee Compensation & Benefits | 5,033,856 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,125,978 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,909,616 |
| Cost of Funds | 1,434,897 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,415,514 |
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