Sep, 30, 2025 — BLACKHAWK AREA CREDIT UNION is a non-federally insured state credit union headquartered in SAVANNA, IL with 3 branch locations and about $37.23 million in total assets. Opened 91 years ago in 1935, BLACKHAWK AREA CREDIT UNION has about 3,792 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLACKHAWK AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 214 Main St SAVANNA, IL 61074-1628 |
| Phone: | (815) 273-4503 |
| Fax: | (815) 273-3075 |
| Website: | https://www.bacu.org |
| Branches: | 3 branch locations |
| Members: | 3,792 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95042 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,227,496 |
| CEO/Manager: | Rhonda M Schroeder |
| Chairperson: | Beth A Wiegmann |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,227,523 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,179,058 |
| Unsecured Loans | 694,853 |
| Other Loans | 13,765,464 |
| TOTAL LOANS | 28,639,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -247,264 |
| Land And Building | 145,872 |
| Other Fixed Assets | 55,591 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,227,496 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,960 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -287,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,817,442 |
| Regular shares | 16,757,516 |
| All Other Shares & Deposits | 8,178,628 |
| TOTAL SHARES & DEPOSITS | 32,753,586 |
| TOTAL LIABILITIES | 32,476,657 |
| Regular Reserve | 0 |
| Other Reserves | -260,174 |
| Undivided Earnings | 5,011,013 |
| TOTAL EQUITY | 4,750,839 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,227,496 |
| INCOME & EXPENSE | |
| Loan Income | 1,161,365 |
| Investment Income | 263,797 |
| Other Income | 126,204 |
| Total Employee Compensation & Benefits | 684,073 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 479,666 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,856 |
| Cost of Funds | 28,913 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 366,091 |
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