Dec, 31, 2023 — HEIGHTS AUTO WORKERS CREDIT UNION is a federally insured state chartered credit union headquartered in BURNHAM, IL with 1 branch location and about $29.26 million in total assets. Opened 63 years ago in 1961, HEIGHTS AUTO WORKERS CREDIT UNION has about 5,702 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEIGHTS AUTO WORKERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 13912 S Torrence Ave BURNHAM, IL 60633-2127 |
| Phone: | (708) 891-6990 |
| Fax: | (708) 891-9122 |
| Website: | https://www.hawcu.com |
| Branches: | 1 branch locations |
| Members: | 5,702 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65640 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,263,946 |
| CEO/Manager: | Vicki Kaiser |
| Chairperson: | Terrie L Dust |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,096,481 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,566,531 |
| Unsecured Loans | 2,239,126 |
| Other Loans | 4,780,328 |
| TOTAL LOANS | 9,585,986 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,352 |
| Land And Building | 216,999 |
| Other Fixed Assets | 23,547 |
| NCUSIF Deposit | 240,952 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,263,946 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,721,959 |
| Regular shares | 11,940,676 |
| All Other Shares & Deposits | 7,485,918 |
| TOTAL SHARES & DEPOSITS | 23,148,552 |
| TOTAL LIABILITIES | 23,181,415 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,082,531 |
| TOTAL EQUITY | 6,082,531 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,263,946 |
| INCOME & EXPENSE | |
| Loan Income | 555,358 |
| Investment Income | 448,776 |
| Other Income | 387,564 |
| Total Employee Compensation & Benefits | 352,507 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,199,666 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,352 |
| Cost of Funds | 107,918 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,209 |
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