Dec, 31, 2023 — FOX VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in AURORA, IL with 3 branch locations and about $48.11 million in total assets. Opened 87 years ago in 1937, FOX VALLEY CREDIT UNION has about 3,560 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FOX VALLEY CREDIT UNION |
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Address: (Main Office) | 575 N Broadway AURORA, IL 60505 |
Phone: | (630) 859-2276 |
Fax: | (630) 859-2472 |
Website: | https://www.foxvalleycu.com |
Branches: | 3 branch locations |
Members: | 3,560 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63286 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $48,107,436 |
CEO/Manager: | Kyle B Whelan |
Chairperson: | Michelle Meyer |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,487,114 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,579,402 |
Unsecured Loans | 2,896,185 |
Other Loans | 8,798,800 |
TOTAL LOANS | 19,274,387 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -397,181 |
Land And Building | 224,181 |
Other Fixed Assets | 54,511 |
NCUSIF Deposit | 396,277 |
All Other Assets | 0 |
TOTAL ASSETS | 48,107,436 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 625,258 |
Accounts Payable & Other Liabilities | 681,363 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,474,253 |
Regular shares | 17,833,021 |
All Other Shares & Deposits | 15,708,405 |
TOTAL SHARES & DEPOSITS | 40,015,679 |
TOTAL LIABILITIES | 41,322,300 |
Regular Reserve | 0 |
Other Reserves | 4,639,638 |
Undivided Earnings | 2,145,498 |
TOTAL EQUITY | 6,785,136 |
TOTAL LIABILITIES, SHARES, & EQUITY | 48,107,436 |
INCOME & EXPENSE | |
Loan Income | 959,442 |
Investment Income | 773,177 |
Other Income | 332,627 |
Total Employee Compensation & Benefits | 662,636 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 855,508 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 156,018 |
Cost of Funds | 261,030 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 130,054 |
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