Dec, 31, 2023 — NUMARK CREDIT UNION is a federally insured state chartered credit union headquartered in JOLIET, IL with 12 branch locations and about $765.81 million in total assets. Opened 70 years ago in 1954, NUMARK CREDIT UNION has about 61,112 members and employs 173 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NUMARK CREDIT UNION |
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Address: (Main Office) | 1654 Terry Dr JOLIET, IL 60436 |
Phone: | (815) 729-3211 |
Fax: | (815) 729-3228 |
Website: | https://www.numarkcu.org |
Branches: | 12 branch locations |
Members: | 61,112 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61447 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $765,811,410 |
CEO/Manager: | Lloyd Fredendall |
Chairperson: | Clifford Struthers |
ASSETS: | $ Amount |
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Cash & Equivalents | 57,029,860 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 429,401 |
Real Estate Loans | 196,172,761 |
Unsecured Loans | 15,884,760 |
Other Loans | 370,457,167 |
TOTAL LOANS | 582,514,688 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,455,689 |
Land And Building | 11,708,949 |
Other Fixed Assets | 5,178,087 |
NCUSIF Deposit | 6,312,876 |
All Other Assets | 469,911 |
TOTAL ASSETS | 765,811,410 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 100,753 |
Notes & Interest Payable | 9,900,000 |
Accounts Payable & Other Liabilities | 8,571,092 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 147,240,178 |
Regular shares | 193,199,861 |
All Other Shares & Deposits | 326,779,254 |
TOTAL SHARES & DEPOSITS | 667,219,294 |
TOTAL LIABILITIES | 685,791,139 |
Regular Reserve | 0 |
Other Reserves | 17,185,689 |
Undivided Earnings | 62,834,582 |
TOTAL EQUITY | 80,020,271 |
TOTAL LIABILITIES, SHARES, & EQUITY | 765,811,410 |
INCOME & EXPENSE | |
Loan Income | 31,568,756 |
Investment Income | 3,704,181 |
Other Income | 6,971,316 |
Total Employee Compensation & Benefits | 14,678,985 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,633,744 |
Non-operating Income & (Expense) | 14,207 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 600,000 |
Cost of Funds | 8,565,619 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,247,644 |
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