Dec, 31, 2023 — ILLINOIS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SYCAMORE, IL with 3 branch locations and about $119.78 million in total assets. Opened 89 years ago in 1935, ILLINOIS COMMUNITY CREDIT UNION has about 10,967 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ILLINOIS COMMUNITY CREDIT UNION |
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Address: (Main Office) | 508 W STATE ST SYCAMORE, IL 60178-1328 |
Phone: | (815) 895-4541 |
Fax: | (815) 895-9925 |
Website: | https://www.myiccu.org |
Branches: | 3 branch locations |
Members: | 10,967 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61634 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $119,783,398 |
CEO/Manager: | Thor Dolan |
Chairperson: | DAVID THURWANGER |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,197,244 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,038,945 |
Unsecured Loans | 7,001,329 |
Other Loans | 54,338,396 |
TOTAL LOANS | 96,378,670 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -505,324 |
Land And Building | 3,489,683 |
Other Fixed Assets | 332,455 |
NCUSIF Deposit | 1,022,385 |
All Other Assets | 49,607 |
TOTAL ASSETS | 119,783,398 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,121,314 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,806,258 |
Regular shares | 30,185,777 |
All Other Shares & Deposits | 55,558,872 |
TOTAL SHARES & DEPOSITS | 104,550,907 |
TOTAL LIABILITIES | 105,672,221 |
Regular Reserve | 0 |
Other Reserves | 400,303 |
Undivided Earnings | 13,710,874 |
TOTAL EQUITY | 14,111,177 |
TOTAL LIABILITIES, SHARES, & EQUITY | 119,783,398 |
INCOME & EXPENSE | |
Loan Income | 4,793,475 |
Investment Income | 310,434 |
Other Income | 1,009,502 |
Total Employee Compensation & Benefits | 2,778,362 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,780,244 |
Non-operating Income & (Expense) | 21,744 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 340,000 |
Cost of Funds | 1,425,071 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -197,952 |
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