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.
Name: | DEERE EMPLOYEES CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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