Dec, 31, 2023 — SERVICE PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 1 branch location and about $31.02 million in total assets. Opened 74 years ago in 1950, SERVICE PLUS CREDIT UNION has about 1,637 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVICE PLUS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2110 53rd St MOLINE, IL 61265 |
| Phone: | (309) 736-2500 |
| Fax: | (309) 736-2505 |
| Website: | https://www.service-pluscu.org |
| Branches: | 1 branch locations |
| Members: | 1,637 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65770 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,021,405 |
| CEO/Manager: | Kristine S Kilburg |
| Chairperson: | Dale Adamson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,179,804 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,780,063 |
| Unsecured Loans | 1,207,914 |
| Other Loans | 4,485,406 |
| TOTAL LOANS | 19,473,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -111,600 |
| Land And Building | 294,460 |
| Other Fixed Assets | 11,194 |
| NCUSIF Deposit | 266,091 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,021,405 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 58,778 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,486,073 |
| Regular shares | 11,931,846 |
| All Other Shares & Deposits | 11,711,163 |
| TOTAL SHARES & DEPOSITS | 27,129,082 |
| TOTAL LIABILITIES | 27,187,860 |
| Regular Reserve | 0 |
| Other Reserves | 510,370 |
| Undivided Earnings | 3,323,175 |
| TOTAL EQUITY | 3,833,545 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,021,405 |
| INCOME & EXPENSE | |
| Loan Income | 764,412 |
| Investment Income | 204,707 |
| Other Income | 92,551 |
| Total Employee Compensation & Benefits | 413,645 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 447,426 |
| Non-operating Income & (Expense) | 30,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,700 |
| Cost of Funds | 175,180 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 121,435 |
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