IRSE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.irsecu.org for more information.
Dec, 31, 2023 — IRSE CREDIT UNION is a federally insured state chartered credit union headquartered in Springfield, IL with 1 branch location and about $8.79 million in total assets. Opened 75 years ago in 1949, IRSE CREDIT UNION has about 924 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | IRSE CREDIT UNION |
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Address: (Main Office) | 3101 Constitution Dr Ste 111 Springfield, IL 62704 |
Phone: | (217) 726-9595 |
Fax: | (217) 726-9599 |
Website: | https://www.irsecu.org |
Branches: | 1 branch locations |
Members: | 924 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65760 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,787,322 |
CEO/Manager: | Kay L Brown |
Chairperson: | Alex Prather |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,230,400 |
TOTAL INVESTMENTS | 3,643,963 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 734,059 |
Other Loans | 3,101,832 |
TOTAL LOANS | 3,835,891 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,065 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 71,698 |
All Other Assets | 48,435 |
TOTAL ASSETS | 8,787,322 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,186 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 696,956 |
Regular shares | 6,946,436 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,643,392 |
TOTAL LIABILITIES | 7,660,578 |
Regular Reserve | 291,295 |
Other Reserves | 0 |
Undivided Earnings | 835,449 |
TOTAL EQUITY | 1,126,744 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,787,322 |
INCOME & EXPENSE | |
Loan Income | 79,928 |
Investment Income | 47,931 |
Other Income | 14,528 |
Total Employee Compensation & Benefits | 57,344 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 63,829 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,609 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,605 |
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