CREDIT UNION 1 is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.creditunion1.org for more information.
Dec, 31, 2023 — CREDIT UNION 1 is a non-federally insured state credit union headquartered in Rantoul, IL with 14 branch locations and about $1.23 billion in total assets. Opened 66 years ago in 1958, CREDIT UNION 1 has about 80,672 members and employs 367 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 |
|---|---|
| Address: (Main Office) | P.O. Box 200 Rantoul, IL 61866 |
| Phone: | (800) 252-6950 |
| Fax: | (217) 892-4643 |
| Website: | https://www.creditunion1.org |
| Branches: | 14 branch locations |
| Members: | 80,672 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 96069 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,226,789,434 |
| CEO/Manager: | Todd Gunderson |
| Chairperson: | Robert Eberhardt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 264,498,278 |
| TOTAL INVESTMENTS | 48,315,714 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 436,109,452 |
| Unsecured Loans | 56,453,810 |
| Other Loans | 335,921,700 |
| TOTAL LOANS | 828,484,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,993,490 |
| Land And Building | 12,275,281 |
| Other Fixed Assets | 10,664,325 |
| NCUSIF Deposit | 0 |
| All Other Assets | 70,544,364 |
| TOTAL ASSETS | 1,226,789,434 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 55,036,683 |
| Accounts Payable & Other Liabilities | 29,089,903 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 230,256,520 |
| Regular shares | 480,833,985 |
| All Other Shares & Deposits | 324,681,099 |
| TOTAL SHARES & DEPOSITS | 1,035,771,604 |
| TOTAL LIABILITIES | 1,119,898,190 |
| Regular Reserve | 17,531,207 |
| Other Reserves | 8,000,000 |
| Undivided Earnings | 81,360,037 |
| TOTAL EQUITY | 106,891,244 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,226,789,434 |
| INCOME & EXPENSE | |
| Loan Income | 34,183,024 |
| Investment Income | 2,313,124 |
| Other Income | 9,518,544 |
| Total Employee Compensation & Benefits | 31,060,846 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,536,219 |
| Non-operating Income & (Expense) | 7,534,991 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 945,416 |
| Cost of Funds | 2,944,189 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,788,256 |
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