Dec, 31, 2023 — SYNERGY PARTNERS CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $12.43 million in total assets. Opened 89 years ago in 1935, SYNERGY PARTNERS CREDIT UNION has about 1,459 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SYNERGY PARTNERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 11615 S Avenue O CHICAGO, IL 60617-7392 |
| Phone: | (773) 646-3000 |
| Fax: | (773) 646-5682 |
| Website: | https://www.synergypartnerscu.org |
| Branches: | 1 branch locations |
| Members: | 1,459 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60657 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,428,137 |
| CEO/Manager: | Brian E Blaszak |
| Chairperson: | Andrew Malevitis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 820,087 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 297,297 |
| Other Loans | 1,814,373 |
| TOTAL LOANS | 2,111,670 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,483 |
| Land And Building | 42,663 |
| Other Fixed Assets | 18,693 |
| NCUSIF Deposit | 106,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,428,137 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,903 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 320,318 |
| Regular shares | 7,488,242 |
| All Other Shares & Deposits | 1,902,397 |
| TOTAL SHARES & DEPOSITS | 9,710,957 |
| TOTAL LIABILITIES | 9,726,862 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,701,275 |
| TOTAL EQUITY | 2,701,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,428,137 |
| INCOME & EXPENSE | |
| Loan Income | 112,913 |
| Investment Income | 199,397 |
| Other Income | 32,731 |
| Total Employee Compensation & Benefits | 161,272 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 192,930 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 17,955 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -11,844 |
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