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National Credit Union Service Organization

DEERE EMPLOYEES CREDIT UNION

Dec, 31, 2023 — DEERE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 33 branch locations and about $1.99 billion in total assets. Opened 89 years ago in 1935, DEERE EMPLOYEES CREDIT UNION has about 72,971 members and employs 238 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 271186423
Name:DEERE EMPLOYEES CREDIT UNION
Address:
(Main Office)
3950 38th Ave
MOLINE, IL 61265-6471
Phone:(309) 743-1000
Fax:(309) 743-1050
Website:https://www.deereemployeescu.com
Branches:33 branch locations
Members:72,971
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68598
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,992,514,123
CEO/Manager:Kurt T Lewin
Chairperson:Scott Hany

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 174,981,771
TOTAL INVESTMENTS 0
Loans Held for Sale 7,405,838
 
 Real Estate Loans 1,125,043,536
 Unsecured Loans 177,975,621
 Other Loans 408,325,059
 TOTAL LOANS 1,711,501,337
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,074,708
 Land And Building 14,693,998
 Other Fixed Assets 6,781,714
 NCUSIF Deposit 14,796,395
 All Other Assets 0
  TOTAL ASSETS 1,992,514,123
LIABILITIES & CAPITAL:  
 Dividends Payable 1
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 34,017,451
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 317,383,942
 Regular shares 283,062,354
 All Other Shares & Deposits 1,196,874,373
  TOTAL SHARES & DEPOSITS 1,797,320,669
  TOTAL LIABILITIES 1,831,338,121
 Regular Reserve 0
 Other Reserves 24,511,238
 Undivided Earnings 136,664,764
  TOTAL EQUITY 161,176,002
  TOTAL LIABILITIES, SHARES, & EQUITY 1,992,514,123
INCOME & EXPENSE  
 Loan Income 85,178,969
 Investment Income 6,443,686
 Other Income 7,599,087
 Total Employee Compensation & Benefits 29,809,960
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,661,448
 Non-operating Income & (Expense) 1,021,363
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,041,685
 Cost of Funds 47,221,281
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,117,509
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