Dec, 31, 2023 — UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CHAMPAIGN, IL with 7 branch locations and about $649.80 million in total assets. Opened 92 years ago in 1932, UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION has about 61,343 members and employs 177 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2201 S 1ST ST CHAMPAIGN, IL 61820-7402 |
| Phone: | (217) 278-7700 |
| Fax: | (217) 244-5789 |
| Website: | https://www.uoficreditunion.org |
| Branches: | 7 branch locations |
| Members: | 61,343 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60583 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $649,802,588 |
| CEO/Manager: | Chris Harlan |
| Chairperson: | Ann McClellan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,478,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 868,630 |
| Real Estate Loans | 131,412,513 |
| Unsecured Loans | 83,122,414 |
| Other Loans | 323,981,902 |
| TOTAL LOANS | 538,516,828 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,997,898 |
| Land And Building | 6,629,647 |
| Other Fixed Assets | 1,344,387 |
| NCUSIF Deposit | 5,260,280 |
| All Other Assets | 0 |
| TOTAL ASSETS | 649,802,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,063 |
| Notes & Interest Payable | 28,000,000 |
| Accounts Payable & Other Liabilities | 4,848,638 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,000,000 |
| Share Drafts | 125,773,458 |
| Regular shares | 194,921,912 |
| All Other Shares & Deposits | 238,821,933 |
| TOTAL SHARES & DEPOSITS | 559,517,304 |
| TOTAL LIABILITIES | 595,373,005 |
| Regular Reserve | 0 |
| Other Reserves | 11,517,753 |
| Undivided Earnings | 42,911,830 |
| TOTAL EQUITY | 54,429,583 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 649,802,588 |
| INCOME & EXPENSE | |
| Loan Income | 27,899,797 |
| Investment Income | 5,839,544 |
| Other Income | 3,870,162 |
| Total Employee Compensation & Benefits | 14,738,038 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,835,760 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,348,270 |
| Cost of Funds | 7,386,924 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,975,171 |
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