Dec, 31, 2023 — PLANITES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $37.38 million in total assets. Opened 69 years ago in 1955, PLANITES CREDIT UNION has about 4,096 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLANITES CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 E Randolph ST CHICAGO, IL 60601-5014 |
| Phone: | (312) 653-6371 |
| Fax: | (312) 616-3728 |
| Website: | https://www.planites.org |
| Branches: | 1 branch locations |
| Members: | 4,096 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61643 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,381,517 |
| CEO/Manager: | Danny C Valkanos |
| Chairperson: | James Burda |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 857,864 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,785,627 |
| Unsecured Loans | 4,424,733 |
| Other Loans | 5,896,423 |
| TOTAL LOANS | 18,106,783 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -181,273 |
| Land And Building | 0 |
| Other Fixed Assets | 34,752 |
| NCUSIF Deposit | 304,392 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,381,517 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 323,825 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,906,129 |
| Regular shares | 15,798,069 |
| All Other Shares & Deposits | 14,243,765 |
| TOTAL SHARES & DEPOSITS | 32,947,963 |
| TOTAL LIABILITIES | 33,271,788 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,109,729 |
| TOTAL EQUITY | 4,109,729 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,381,517 |
| INCOME & EXPENSE | |
| Loan Income | 921,191 |
| Investment Income | 537,057 |
| Other Income | 363,525 |
| Total Employee Compensation & Benefits | 588,001 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 598,941 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,000 |
| Cost of Funds | 538,062 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 72,769 |
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