Dec, 31, 2023 — MEMBERSALLIANCE CREDIT UNION is a non-federally insured state credit union headquartered in ROCKFORD, IL with 2 branch locations and about $284.45 million in total assets. Opened 86 years ago in 1938, MEMBERSALLIANCE CREDIT UNION has about 21,256 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERSALLIANCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2550 S Alpine Rd ROCKFORD, IL 61108-7813 |
| Phone: | (815) 226-2260 |
| Fax: | (815) 226-4959 |
| Website: | https://www.membersalliance.org |
| Branches: | 2 branch locations |
| Members: | 21,256 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 81402 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $284,454,101 |
| CEO/Manager: | Cheryl A Sio |
| Chairperson: | Greg Hopkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,943,183 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,003,163 |
| Unsecured Loans | 17,867,851 |
| Other Loans | 91,965,640 |
| TOTAL LOANS | 174,836,654 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,017,570 |
| Land And Building | 2,524,222 |
| Other Fixed Assets | 2,000,313 |
| NCUSIF Deposit | 0 |
| All Other Assets | 129,300 |
| TOTAL ASSETS | 284,454,101 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 724,199 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,469,511 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,419,090 |
| Regular shares | 124,694,138 |
| All Other Shares & Deposits | 76,015,556 |
| TOTAL SHARES & DEPOSITS | 258,128,784 |
| TOTAL LIABILITIES | 264,322,494 |
| Regular Reserve | 0 |
| Other Reserves | -1,363,620 |
| Undivided Earnings | 21,495,227 |
| TOTAL EQUITY | 20,131,607 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 284,454,101 |
| INCOME & EXPENSE | |
| Loan Income | 7,243,649 |
| Investment Income | 1,691,098 |
| Other Income | 1,394,545 |
| Total Employee Compensation & Benefits | 5,359,838 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,529,467 |
| Non-operating Income & (Expense) | -25,255 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 196,789 |
| Cost of Funds | 1,497,455 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,059,009 |
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