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ANCO COMMUNITY CREDIT UNION

Dec, 31, 2023 — ANCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LA SALLE, IL with 0 branch location and about $11.61 million in total assets. Opened 69 years ago in 1955, ANCO COMMUNITY CREDIT UNION has about 1,765 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ANCO COMMUNITY CREDIT UNION
Address:
(Main Office)
154 3rd St
LA SALLE, IL 61301-2312
Phone:(815) 223-8410
Fax:
Website:https://americannickeloidemployeescr
Branches:0 branch locations
Members:1,765
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60184
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$11,609,689
CEO/Manager:Annette M Salazar
Chairperson:Corey Douglas

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 417,339
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 911,309
 Unsecured Loans 934,558
 Other Loans 4,250,250
 TOTAL LOANS 6,096,117
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -302,093
 Land And Building 556,204
 Other Fixed Assets 3,677
 NCUSIF Deposit 106,892
 All Other Assets 0
  TOTAL ASSETS 11,609,689
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 49,254
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 387,183
 Regular shares 4,684,495
 All Other Shares & Deposits 5,554,955
  TOTAL SHARES & DEPOSITS 10,626,633
  TOTAL LIABILITIES 10,675,887
 Regular Reserve 0
 Other Reserves 412,299
 Undivided Earnings 521,503
  TOTAL EQUITY 933,802
  TOTAL LIABILITIES, SHARES, & EQUITY 11,609,689
INCOME & EXPENSE  
 Loan Income 414,058
 Investment Income 84,610
 Other Income 60,616
 Total Employee Compensation & Benefits 222,409
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 222,976
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,235
 Cost of Funds 130,918
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -52,254
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