Dec, 31, 2023 — HARVARD COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in HARVARD, IL with 0 branch location and about $23.01 million in total assets. Opened 68 years ago in 1956, HARVARD COMMUNITY CREDIT UNION has about 3,117 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARVARD COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 S DIVISION ST HARVARD, IL 60033-8601 |
| Phone: | (815) 943-6500 |
| Fax: | (815) 943-7729 |
| Website: | https://www.harvardccu.org |
| Branches: | 0 branch locations |
| Members: | 3,117 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60201 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,006,004 |
| CEO/Manager: | Connie S Anderson |
| Chairperson: | JON K WARNECKE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,353,674 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,862,707 |
| Unsecured Loans | 1,584,698 |
| Other Loans | 11,347,459 |
| TOTAL LOANS | 16,862,522 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -224,587 |
| Land And Building | 353,334 |
| Other Fixed Assets | 55,198 |
| NCUSIF Deposit | 186,843 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,006,004 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,862 |
| Notes & Interest Payable | 250,000 |
| Accounts Payable & Other Liabilities | 52,847 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,226,480 |
| Regular shares | 6,687,203 |
| All Other Shares & Deposits | 4,642,904 |
| TOTAL SHARES & DEPOSITS | 20,556,588 |
| TOTAL LIABILITIES | 20,868,297 |
| Regular Reserve | 0 |
| Other Reserves | 410,000 |
| Undivided Earnings | 1,727,707 |
| TOTAL EQUITY | 2,137,707 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,006,004 |
| INCOME & EXPENSE | |
| Loan Income | 962,361 |
| Investment Income | 149,607 |
| Other Income | 155,879 |
| Total Employee Compensation & Benefits | 421,162 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 730,662 |
| Non-operating Income & (Expense) | 43,488 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 101,000 |
| Cost of Funds | 133,153 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,341 |
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