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ILLINOIS COMMUNITY CREDIT UNION

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.


ABA Routing Number: 271989714
Name:ILLINOIS COMMUNITY CREDIT UNION
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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