Dec, 31, 2023 — LAND OF LINCOLN CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, IL with 15 branch locations and about $450.82 million in total assets. Opened 77 years ago in 1947, LAND OF LINCOLN CREDIT UNION has about 38,263 members and employs 140 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAND OF LINCOLN CREDIT UNION |
|---|---|
| Address: (Main Office) | 4850 E Prosperity Place DECATUR, IL 62521 |
| Phone: | (217) 864-3030 |
| Fax: | (217) 864-3021 |
| Website: | https://www.llcu.org |
| Branches: | 15 branch locations |
| Members: | 38,263 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63716 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $450,819,746 |
| CEO/Manager: | Robert Ares |
| Chairperson: | Antonio D Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,720,477 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 121,514,891 |
| Unsecured Loans | 26,698,494 |
| Other Loans | 157,311,191 |
| TOTAL LOANS | 305,524,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,959,118 |
| Land And Building | 10,550,629 |
| Other Fixed Assets | 1,634,291 |
| NCUSIF Deposit | 4,145,161 |
| All Other Assets | 68,009 |
| TOTAL ASSETS | 450,819,746 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,834,712 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 93,565,147 |
| Regular shares | 159,261,096 |
| All Other Shares & Deposits | 161,511,232 |
| TOTAL SHARES & DEPOSITS | 414,337,475 |
| TOTAL LIABILITIES | 416,172,187 |
| Regular Reserve | 0 |
| Other Reserves | -6,100,580 |
| Undivided Earnings | 40,748,139 |
| TOTAL EQUITY | 34,647,559 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 450,819,746 |
| INCOME & EXPENSE | |
| Loan Income | 15,187,052 |
| Investment Income | 2,311,672 |
| Other Income | 7,221,488 |
| Total Employee Compensation & Benefits | 9,210,171 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,830,475 |
| Non-operating Income & (Expense) | 13,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,022,681 |
| Cost of Funds | 3,541,861 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,895,525 |
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