Dec, 31, 2023 — ARCHER HEIGHTS CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $21.76 million in total assets. Opened 59 years ago in 1965, ARCHER HEIGHTS CREDIT UNION has about 2,176 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARCHER HEIGHTS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6554 W Archer Ave CHICAGO, IL 60638 |
| Phone: | (773) 229-1500 |
| Fax: | (773) 229-1082 |
| Website: | https://www.archerheights.com |
| Branches: | 1 branch locations |
| Members: | 2,176 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63125 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,764,030 |
| CEO/Manager: | Lisa M Strnad |
| Chairperson: | Michael Kucik |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,402,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,688,894 |
| Unsecured Loans | 1,014,621 |
| Other Loans | 4,811,860 |
| TOTAL LOANS | 10,515,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,739 |
| Land And Building | 467,999 |
| Other Fixed Assets | 40,199 |
| NCUSIF Deposit | 192,027 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,764,030 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 147 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 88,909 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,613,625 |
| Regular shares | 12,919,030 |
| All Other Shares & Deposits | 4,056,782 |
| TOTAL SHARES & DEPOSITS | 19,589,437 |
| TOTAL LIABILITIES | 19,678,493 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,085,537 |
| TOTAL EQUITY | 2,085,537 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,764,030 |
| INCOME & EXPENSE | |
| Loan Income | 571,087 |
| Investment Income | 140,576 |
| Other Income | 93,362 |
| Total Employee Compensation & Benefits | 379,609 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 352,048 |
| Non-operating Income & (Expense) | 4,495 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,559 |
| Cost of Funds | 90,333 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,323 |
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