ELECTROGAS CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — ELECTROGAS CREDIT UNION is a federally insured state chartered credit union headquartered in Alton, IL with 1 branch location and about $1.24 million in total assets. Opened 81 years ago in 1943, ELECTROGAS CREDIT UNION has about 163 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELECTROGAS CREDIT UNION |
|---|---|
| Address: (Main Office) | 700 Oakwood Ave Alton, IL 62002 |
| Phone: | (618) 792-5989 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 163 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65794 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,239,678 |
| CEO/Manager: | Larry E Hall |
| Chairperson: | Charles A Yancey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 621,787 |
| TOTAL INVESTMENTS | 104,822 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 17,756 |
| Other Loans | 490,526 |
| TOTAL LOANS | 508,282 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,244 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 8,232 |
| All Other Assets | 2,799 |
| TOTAL ASSETS | 1,239,678 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 725 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 967,821 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 967,821 |
| TOTAL LIABILITIES | 968,546 |
| Regular Reserve | 109,108 |
| Other Reserves | 0 |
| Undivided Earnings | 162,024 |
| TOTAL EQUITY | 271,132 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,239,678 |
| INCOME & EXPENSE | |
| Loan Income | 3,866 |
| Investment Income | 446 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 5,209 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,650 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,640 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,789 |
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