Dec, 31, 2023 — SELFRELIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 11 branch locations and about $1.11 billion in total assets. Opened 73 years ago in 1951, SELFRELIANCE FEDERAL CREDIT UNION has about 37,716 members and employs 129 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELFRELIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2332 W Chicago Ave CHICAGO, IL 60622 |
| Phone: | (773) 328-7500 |
| Fax: | (773) 328-7501 |
| Website: | https://www.selfreliance.com |
| Branches: | 11 branch locations |
| Members: | 37,716 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7346 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,112,508,956 |
| CEO/Manager: | Vitaliy Kutnyy |
| Chairperson: | Bohdan Watral |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,742,548 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 504,791,753 |
| Unsecured Loans | 9,691,027 |
| Other Loans | 17,779,964 |
| TOTAL LOANS | 532,262,745 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,277,906 |
| Land And Building | 4,959,096 |
| Other Fixed Assets | 628,009 |
| NCUSIF Deposit | 6,258,110 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,112,508,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 664,377 |
| Notes & Interest Payable | 233,030,000 |
| Accounts Payable & Other Liabilities | 9,503,966 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 124,877,806 |
| Regular shares | 176,225,858 |
| All Other Shares & Deposits | 439,459,140 |
| TOTAL SHARES & DEPOSITS | 740,562,804 |
| TOTAL LIABILITIES | 983,761,147 |
| Regular Reserve | 0 |
| Other Reserves | 11,550,166 |
| Undivided Earnings | 117,197,643 |
| TOTAL EQUITY | 128,747,809 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,112,508,956 |
| INCOME & EXPENSE | |
| Loan Income | 22,472,613 |
| Investment Income | 30,357,951 |
| Other Income | 1,109,642 |
| Total Employee Compensation & Benefits | 11,411,538 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,603,950 |
| Non-operating Income & (Expense) | -2,164,100 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 207,735 |
| Cost of Funds | 32,219,625 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,542,273 |
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