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LINXUS CREDIT UNION

Dec, 31, 2023 — LINXUS CREDIT UNION is a federally insured state chartered credit union headquartered in MACHESNEY PARK, IL with 1 branch location and about $17.08 million in total assets. Opened 97 years ago in 1927, LINXUS CREDIT UNION has about 2,226 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LINXUS CREDIT UNION
Address:
(Main Office)
1405 W Lane Rd Ste A
MACHESNEY PARK, IL 61115-1660
Phone:(815) 282-8711
Fax:(815) 282-4745
Website:https://www.linxuscu.org
Branches:1 branch locations
Members:2,226
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64948
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1927
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$17,083,958
CEO/Manager:Tracy Beyer
Chairperson:Kirk Gille

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,151,577
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 59,169
 Unsecured Loans 871,742
 Other Loans 6,650,548
 TOTAL LOANS 7,581,459
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -51,831
 Land And Building 0
 Other Fixed Assets 3,067
 NCUSIF Deposit 164,175
 All Other Assets 1,730
  TOTAL ASSETS 17,083,958
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,864
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,008,487
 Regular shares 13,395,780
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 14,404,267
  TOTAL LIABILITIES 14,418,131
 Regular Reserve 0
 Other Reserves 984,290
 Undivided Earnings 1,681,537
  TOTAL EQUITY 2,665,827
  TOTAL LIABILITIES, SHARES, & EQUITY 17,083,958
INCOME & EXPENSE  
 Loan Income 368,698
 Investment Income 309,507
 Other Income 44,540
 Total Employee Compensation & Benefits 268,645
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 331,447
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 133,040
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,645
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