PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://piccu.org for more information.
Dec, 31, 2023 — PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in GRANITE CITY, IL with 1 branch location and about $13.77 million in total assets. Opened 86 years ago in 1938, PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION has about 1,928 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 1388, 2400 MADISON AVENUE GRANITE CITY, IL 62040-4849 |
| Phone: | (618) 452-2752 |
| Fax: | (618) 877-5301 |
| Website: | https://piccu.org |
| Branches: | 1 branch locations |
| Members: | 1,928 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60147 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,768,460 |
| CEO/Manager: | Stephen W Selby |
| Chairperson: | William Dusenbery |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,858,020 |
| TOTAL INVESTMENTS | 4,920,406 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 926,271 |
| Other Loans | 2,641,573 |
| TOTAL LOANS | 3,567,844 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,169 |
| Land And Building | 162,080 |
| Other Fixed Assets | 9,404 |
| NCUSIF Deposit | 124,042 |
| All Other Assets | 250,833 |
| TOTAL ASSETS | 13,768,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,030 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 72,363 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,946,519 |
| Regular shares | 9,517,509 |
| All Other Shares & Deposits | 483,592 |
| TOTAL SHARES & DEPOSITS | 12,947,620 |
| TOTAL LIABILITIES | 13,021,013 |
| Regular Reserve | 429,795 |
| Other Reserves | 206,832 |
| Undivided Earnings | 110,820 |
| TOTAL EQUITY | 747,447 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,768,460 |
| INCOME & EXPENSE | |
| Loan Income | 235,631 |
| Investment Income | 25,023 |
| Other Income | 178,201 |
| Total Employee Compensation & Benefits | 184,501 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 358,611 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,275 |
| Cost of Funds | 4,221 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -54,405 |
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