Dec, 31, 2023 — ACME CONTINENTAL CREDIT UNION is a federally insured state chartered credit union headquartered in RIVERDALE, IL with 2 branch locations and about $55.52 million in total assets. Opened 87 years ago in 1937, ACME CONTINENTAL CREDIT UNION has about 5,564 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACME CONTINENTAL CREDIT UNION |
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Address: (Main Office) | 13601 S Perry Ave RIVERDALE, IL 60827-1655 |
Phone: | (708) 849-3113 |
Fax: | (708) 849-0034 |
Website: | https://www.acmecontinentalcu.com |
Branches: | 2 branch locations |
Members: | 5,564 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61230 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,522,016 |
CEO/Manager: | Mark J Duffy |
Chairperson: | Donald Bischof |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,647,317 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,006,062 |
Unsecured Loans | 10,125,708 |
Other Loans | 7,966,235 |
TOTAL LOANS | 19,098,005 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -327,290 |
Land And Building | 267,527 |
Other Fixed Assets | 4,687 |
NCUSIF Deposit | 460,310 |
All Other Assets | 0 |
TOTAL ASSETS | 55,522,016 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,207,165 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,341,331 |
Regular shares | 24,120,372 |
All Other Shares & Deposits | 12,376,735 |
TOTAL SHARES & DEPOSITS | 43,838,439 |
TOTAL LIABILITIES | 45,045,604 |
Regular Reserve | 0 |
Other Reserves | 1,484,200 |
Undivided Earnings | 8,992,212 |
TOTAL EQUITY | 10,476,412 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,522,016 |
INCOME & EXPENSE | |
Loan Income | 1,427,456 |
Investment Income | 659,909 |
Other Income | 219,510 |
Total Employee Compensation & Benefits | 958,265 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 969,195 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,500 |
Cost of Funds | 276,227 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 156,974 |
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