Dec, 31, 2023 — ILLINOIS STATE CREDIT UNION is a federally insured state chartered credit union headquartered in NORMAL, IL with 5 branch locations and about $205.40 million in total assets. Opened 64 years ago in 1960, ILLINOIS STATE CREDIT UNION has about 17,474 members and employs 63 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 STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1309 S Center St NORMAL, IL 61761-3458 |
| Phone: | (309) 451-8400 |
| Fax: | (309) 451-8410 |
| Website: | https://www.itsmycreditunion.org |
| Branches: | 5 branch locations |
| Members: | 17,474 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64920 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $205,398,895 |
| CEO/Manager: | Thom R Ewen |
| Chairperson: | Larry Quane |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,237,655 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,558,821 |
| Unsecured Loans | 17,283,432 |
| Other Loans | 80,789,708 |
| TOTAL LOANS | 146,631,960 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,994,656 |
| Land And Building | 3,415,568 |
| Other Fixed Assets | 709,025 |
| NCUSIF Deposit | 1,760,454 |
| All Other Assets | 4,200 |
| TOTAL ASSETS | 205,398,895 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,756,968 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,882,131 |
| Regular shares | 84,392,746 |
| All Other Shares & Deposits | 62,930,793 |
| TOTAL SHARES & DEPOSITS | 181,205,670 |
| TOTAL LIABILITIES | 182,962,638 |
| Regular Reserve | 0 |
| Other Reserves | 2,320,941 |
| Undivided Earnings | 20,115,316 |
| TOTAL EQUITY | 22,436,257 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 205,398,895 |
| INCOME & EXPENSE | |
| Loan Income | 9,014,104 |
| Investment Income | 1,215,951 |
| Other Income | 1,973,698 |
| Total Employee Compensation & Benefits | 5,038,797 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,663,209 |
| Non-operating Income & (Expense) | 20,599 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,469,748 |
| Cost of Funds | 1,740,636 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,448,539 |
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