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National Credit Union Service Organization

SCOTT CREDIT UNION

Dec, 31, 2023 — SCOTT CREDIT UNION is a federally insured state chartered credit union headquartered in EDWARDSVILLE, IL with 24 branch locations and about $1.74 billion in total assets. Opened 81 years ago in 1943, SCOTT CREDIT UNION has about 148,814 members and employs 345 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 281077522
Name:SCOTT CREDIT UNION
Address:
(Main Office)
101 Credit Union Way
EDWARDSVILLE, IL 62025
Phone:(618) 345-1000
Fax:(618) 659-8578
Website:https://www.scu.org
Branches:24 branch locations
Members:148,814
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66370
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1943
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,741,583,732
CEO/Manager:Frank M Padak
Chairperson:Lawrence Haffner

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 174,039,908
TOTAL INVESTMENTS 0
Loans Held for Sale 528,879
 
 Real Estate Loans 419,111,428
 Unsecured Loans 56,544,242
 Other Loans 789,660,108
 TOTAL LOANS 1,265,315,778
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,812,283
 Land And Building 28,351,320
 Other Fixed Assets 5,625,264
 NCUSIF Deposit 14,621,573
 All Other Assets 135,742
  TOTAL ASSETS 1,741,583,732
LIABILITIES & CAPITAL:  
 Dividends Payable 1,465,567
 Notes & Interest Payable 25,000,000
 Accounts Payable & Other Liabilities 27,085,369
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 392,068,010
 Regular shares 632,241,848
 All Other Shares & Deposits 520,046,035
  TOTAL SHARES & DEPOSITS 1,544,355,893
  TOTAL LIABILITIES 1,597,906,829
 Regular Reserve 0
 Other Reserves -11,495,435
 Undivided Earnings 155,172,338
  TOTAL EQUITY 143,676,903
  TOTAL LIABILITIES, SHARES, & EQUITY 1,741,583,732
INCOME & EXPENSE  
 Loan Income 67,546,934
 Investment Income 14,971,682
 Other Income 9,290,749
 Total Employee Compensation & Benefits 29,688,919
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 30,487,426
 Non-operating Income & (Expense) 14,466
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,029,702
 Cost of Funds 22,408,207
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,313,136
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