SOURCEONE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://source1cu.com for more information.
Dec, 31, 2023 — SOURCEONE CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $11.29 million in total assets. Opened 92 years ago in 1932, SOURCEONE CREDIT UNION has about 1,111 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOURCEONE CREDIT UNION |
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Address: (Main Office) | 401 S La Salle St Ste 201 CHICAGO, IL 60605 |
Phone: | (312) 922-0495 |
Fax: | (312) 922-7310 |
Website: | https://source1cu.com |
Branches: | 1 branch locations |
Members: | 1,111 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60878 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,285,449 |
CEO/Manager: | Dave A Cogozzo |
Chairperson: | ADRIENNE A DEMPSEY |
ASSETS: | $ Amount |
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Cash & Equivalents | 767,560 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 467,890 |
Other Loans | 1,198,291 |
TOTAL LOANS | 1,666,181 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,785 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 99,239 |
All Other Assets | 0 |
TOTAL ASSETS | 11,285,449 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,026 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 533,759 |
Regular shares | 9,049,612 |
All Other Shares & Deposits | 314,537 |
TOTAL SHARES & DEPOSITS | 9,897,908 |
TOTAL LIABILITIES | 9,901,934 |
Regular Reserve | 0 |
Other Reserves | 329,000 |
Undivided Earnings | 1,054,515 |
TOTAL EQUITY | 1,383,515 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,285,449 |
INCOME & EXPENSE | |
Loan Income | 30,719 |
Investment Income | 22,450 |
Other Income | 3,630 |
Total Employee Compensation & Benefits | 34,598 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 111,734 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,734 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -66,293 |
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