Dec, 31, 2023 — CTA-74TH STREET DEPOT FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $9.24 million in total assets. Opened 85 years ago in 1939, CTA-74TH STREET DEPOT FEDERAL CREDIT UNION has about 661 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CTA-74TH STREET DEPOT FEDERAL CREDIT UNION |
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Address: (Main Office) | 10057 S Western Ave CHICAGO, IL 60643-1925 |
Phone: | (773) 476-4822 |
Fax: | (773) 476-4273 |
Website: | https://74thstdfcu.com |
Branches: | 1 branch locations |
Members: | 661 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2498 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,244,718 |
CEO/Manager: | MICHAEL D BOOTH |
Chairperson: | WILLE MEANS-JR |
ASSETS: | $ Amount |
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Cash & Equivalents | 460,973 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 801,792 |
Other Loans | 2,585,371 |
TOTAL LOANS | 3,387,163 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -511,371 |
Land And Building | 224,000 |
Other Fixed Assets | 429,338 |
NCUSIF Deposit | 68,276 |
All Other Assets | 0 |
TOTAL ASSETS | 9,244,718 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 121,561 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,694,817 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,694,817 |
TOTAL LIABILITIES | 7,816,378 |
Regular Reserve | 0 |
Other Reserves | 162,867 |
Undivided Earnings | 1,265,473 |
TOTAL EQUITY | 1,428,340 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,244,718 |
INCOME & EXPENSE | |
Loan Income | 302,664 |
Investment Income | 136,020 |
Other Income | 7,878 |
Total Employee Compensation & Benefits | 137,301 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 218,068 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 84,110 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,485 |
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