Dec, 31, 2023 — STREATOR ONIZED CREDIT UNION is a federally insured state chartered credit union headquartered in STREATOR, IL with 7 branch locations and about $356.24 million in total assets. Opened 84 years ago in 1940, STREATOR ONIZED CREDIT UNION has about 35,223 members and employs 124 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STREATOR ONIZED CREDIT UNION |
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Address: (Main Office) | 912 N Shabbona St STREATOR, IL 61364 |
Phone: | (815) 673-1589 |
Fax: | (815) 672-4706 |
Website: | https://www.socu.org |
Branches: | 7 branch locations |
Members: | 35,223 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68226 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $356,243,779 |
CEO/Manager: | Douglas Patterson |
Chairperson: | Scott Bulthuis |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,090,224 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 43,917,233 |
Unsecured Loans | 50,470,273 |
Other Loans | 193,865,123 |
TOTAL LOANS | 288,252,629 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,078,966 |
Land And Building | 6,944,636 |
Other Fixed Assets | 1,517,726 |
NCUSIF Deposit | 2,781,431 |
All Other Assets | 197,474 |
TOTAL ASSETS | 356,243,779 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 251,806 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,229,904 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,149,154 |
Regular shares | 96,589,284 |
All Other Shares & Deposits | 165,320,834 |
TOTAL SHARES & DEPOSITS | 297,059,273 |
TOTAL LIABILITIES | 300,540,983 |
Regular Reserve | 0 |
Other Reserves | -294,051 |
Undivided Earnings | 55,996,847 |
TOTAL EQUITY | 55,702,796 |
TOTAL LIABILITIES, SHARES, & EQUITY | 356,243,779 |
INCOME & EXPENSE | |
Loan Income | 19,319,402 |
Investment Income | 1,932,894 |
Other Income | 3,040,787 |
Total Employee Compensation & Benefits | 8,586,406 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,546,137 |
Non-operating Income & (Expense) | -45,801 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,431,000 |
Cost of Funds | 4,146,741 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,607,559 |
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