WESTERN ILLINOIS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.wicu.org for more information.
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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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