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WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNION

Dec, 31, 2023 — WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in QUINCY, IL with 1 branch location and about $22.74 million in total assets. Opened 88 years ago in 1936, WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNION has about 1,679 members and employs 4 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 SCHOOL EMPLOYEES CREDIT UNION
Address:
(Main Office)
1416 MAINE ST
QUINCY, IL 62301
Phone:(217) 224-2091
Fax:(217) 224-2092
Website:https://wisecu.com
Branches:1 branch locations
Members:1,679
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65426
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Nov 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$22,735,607
CEO/Manager:Amanda M Sparks
Chairperson:Jennifer Scott

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,097,906
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,079,502
 Other Loans 15,560,858
 TOTAL LOANS 17,640,360
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -104,552
 Land And Building 0
 Other Fixed Assets 167,098
 NCUSIF Deposit 196,646
 All Other Assets 0
  TOTAL ASSETS 22,735,607
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 299,512
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 18,903,896
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 18,903,896
  TOTAL LIABILITIES 19,203,408
 Regular Reserve 0
 Other Reserves 519,235
 Undivided Earnings 3,012,964
  TOTAL EQUITY 3,532,199
  TOTAL LIABILITIES, SHARES, & EQUITY 22,735,607
INCOME & EXPENSE  
 Loan Income 662,955
 Investment Income 249,781
 Other Income 4,570
 Total Employee Compensation & Benefits 213,860
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 132,767
 Non-operating Income & (Expense) 28,036
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,015
 Cost of Funds 467,367
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 110,333
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