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WESTERN ILLINOIS CREDIT UNION

Dec, 31, 2023 — WESTERN ILLINOIS CREDIT UNION is a federally insured state chartered credit union headquartered in MACOMB, IL with 1 branch location and about $36.59 million in total assets. Opened 65 years ago in 1959, WESTERN ILLINOIS CREDIT UNION has about 2,972 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTERN ILLINOIS CREDIT UNION
Address:
(Main Office)
322 W UNIVERSITY DR
MACOMB, IL 61455
Phone:(309) 298-2986
Fax:(309) 298-2975
Website:https://www.wicu.org
Branches:1 branch locations
Members:2,972
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60519
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$36,592,531
CEO/Manager:Kimberly Kathleen Waters
Chairperson:Jessica Butcher

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,396,228
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 139,686
 Unsecured Loans 752,652
 Other Loans 11,850,268
 TOTAL LOANS 12,742,606
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -198,191
 Land And Building 425,963
 Other Fixed Assets 43,698
 NCUSIF Deposit 313,436
 All Other Assets 0
  TOTAL ASSETS 36,592,531
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 285,533
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,994,840
 Regular shares 22,811,083
 All Other Shares & Deposits 3,810,414
  TOTAL SHARES & DEPOSITS 33,616,337
  TOTAL LIABILITIES 33,901,870
 Regular Reserve 0
 Other Reserves 411,033
 Undivided Earnings 2,279,628
  TOTAL EQUITY 2,690,661
  TOTAL LIABILITIES, SHARES, & EQUITY 36,592,531
INCOME & EXPENSE  
 Loan Income 129,230
 Investment Income 33,560
 Other Income 32,950
 Total Employee Compensation & Benefits 108,116
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 109,677
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,765
 Cost of Funds 16,754
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,040
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