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SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAK LAWN, IL with 1 branch location and about $15.22 million in total assets. Opened 60 years ago in 1964, SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION has about 936 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
4625 W 107th St
OAK LAWN, IL 60453-5865
Phone:(708) 423-8065
Fax:(708) 423-8702
Website:n/a
Branches:1 branch locations
Members:936
Credit Union Type:Federal Credit Union
Charter Number:16453
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1964
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$15,221,850
CEO/Manager:Colleen Dillon
Chairperson:Allan Burnson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 691,797
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 465,414
 Other Loans 2,046,811
 TOTAL LOANS 2,512,225
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,702
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 149,479
 All Other Assets 0
  TOTAL ASSETS 15,221,850
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,114
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 13,843,008
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 13,843,008
  TOTAL LIABILITIES 13,847,122
 Regular Reserve 0
 Other Reserves 278,546
 Undivided Earnings 1,096,182
  TOTAL EQUITY 1,374,728
  TOTAL LIABILITIES, SHARES, & EQUITY 15,221,850
INCOME & EXPENSE  
 Loan Income 91,719
 Investment Income 154,766
 Other Income 4,719
 Total Employee Compensation & Benefits 118,878
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 63,648
 Non-operating Income & (Expense) 3,564
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 61,930
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,727
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