Dec, 31, 2023 — FOR MEMBERS ONLY FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $3.89 million in total assets. Opened 1 years ago in 2023, FOR MEMBERS ONLY FEDERAL CREDIT UNION has about 6,607 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FOR MEMBERS ONLY FEDERAL CREDIT UNION |
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Address: (Main Office) | 5656 S Stony Island Ave CHICAGO, IL 60637-1906 |
Phone: | (773) 684-1282 |
Fax: | |
Website: | https://akafmofcu.org |
Branches: | 1 branch locations |
Members: | 6,607 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24946 |
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Membership Type: | Single common bond - other |
Corporate Credit Union: | No |
Year Opened: | 2023 |
Last Audited: | Jan 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,889,964 |
CEO/Manager: | Terri B Eason |
Chairperson: | Danette Anthony Reed |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,889,964 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 0 |
Other Loans | 0 |
TOTAL LOANS | 0 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 0 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 3,889,964 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 440 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,320,099 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,320,099 |
TOTAL LIABILITIES | 3,320,539 |
Regular Reserve | 0 |
Other Reserves | 569,425 |
Undivided Earnings | 0 |
TOTAL EQUITY | 569,425 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,889,964 |
INCOME & EXPENSE | |
Loan Income | 0 |
Investment Income | 28,956 |
Other Income | 0 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 119,697 |
Non-operating Income & (Expense) | 160,272 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 116 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 69,415 |
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