Dec, 31, 2023 — 2 RIVERS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in KANKAKEE, IL with 1 branch location and about $24.33 million in total assets. Opened 73 years ago in 1951, 2 RIVERS AREA CREDIT UNION has about 4,077 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: | 2 RIVERS AREA CREDIT UNION |
---|---|
Address: (Main Office) | 296 W Jeffery St KANKAKEE, IL 60901 |
Phone: | (815) 935-2270 |
Fax: | (815) 935-1310 |
Website: | https://www.2riversacu.com |
Branches: | 1 branch locations |
Members: | 4,077 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62827 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,330,849 |
CEO/Manager: | Danita A Swanson |
Chairperson: | Mary Westover |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,991,427 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,082,263 |
Other Loans | 13,403,704 |
TOTAL LOANS | 15,485,967 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,429 |
Land And Building | 348,824 |
Other Fixed Assets | 60,824 |
NCUSIF Deposit | 210,832 |
All Other Assets | 0 |
TOTAL ASSETS | 24,330,849 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 475,875 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,223,644 |
Regular shares | 12,003,640 |
All Other Shares & Deposits | 3,883,832 |
TOTAL SHARES & DEPOSITS | 21,111,116 |
TOTAL LIABILITIES | 21,586,991 |
Regular Reserve | 0 |
Other Reserves | 356,122 |
Undivided Earnings | 2,387,736 |
TOTAL EQUITY | 2,743,858 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,330,849 |
INCOME & EXPENSE | |
Loan Income | 720,112 |
Investment Income | 240,329 |
Other Income | 149,672 |
Total Employee Compensation & Benefits | 413,765 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 846,002 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
Cost of Funds | 54,921 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 32,310 |
↑ Back to Top |