Dec, 31, 2023 — CITIZENS EQUITY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in PEORIA, IL with 35 branch locations and about $7.46 billion in total assets. Opened 87 years ago in 1937, CITIZENS EQUITY FIRST CREDIT UNION has about 392,986 members and employs 1,002 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITIZENS EQUITY FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 5401 W Everett M Dirksen Pkwy PEORIA, IL 61607 |
| Phone: | (309) 633-7000 |
| Fax: | |
| Website: | https://www.cefcu.com |
| Branches: | 35 branch locations |
| Members: | 392,986 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68448 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $7,458,554,633 |
| CEO/Manager: | Matthew Mamer |
| Chairperson: | Kavita Sachdev |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 397,425,461 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,241,766,775 |
| Unsecured Loans | 257,733,565 |
| Other Loans | 2,339,552,503 |
| TOTAL LOANS | 5,840,817,750 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,255,130 |
| Land And Building | 62,689,825 |
| Other Fixed Assets | 21,069,984 |
| NCUSIF Deposit | 62,218,139 |
| All Other Assets | 1,304,762 |
| TOTAL ASSETS | 7,458,554,633 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,007,038 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 115,059,341 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,026,781,246 |
| Regular shares | 2,122,681,386 |
| All Other Shares & Deposits | 3,382,024,352 |
| TOTAL SHARES & DEPOSITS | 6,531,486,984 |
| TOTAL LIABILITIES | 6,650,553,363 |
| Regular Reserve | 0 |
| Other Reserves | -28,157,095 |
| Undivided Earnings | 836,158,365 |
| TOTAL EQUITY | 808,001,270 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,458,554,633 |
| INCOME & EXPENSE | |
| Loan Income | 275,736,859 |
| Investment Income | 35,431,564 |
| Other Income | 15,599,466 |
| Total Employee Compensation & Benefits | 85,028,482 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 78,886,677 |
| Non-operating Income & (Expense) | 265,843 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,503,350 |
| Cost of Funds | 117,830,024 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,797,722 |
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