Dec, 31, 2023 — CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $4.84 million in total assets. Opened 87 years ago in 1937, CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION has about 557 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 4909 W Division St Ste 403 CHICAGO, IL 60651-3161 |
Phone: | (773) 626-1100 |
Fax: | (773) 626-2210 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 557 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2495 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,841,375 |
CEO/Manager: | Dorothy H McCalister |
Chairperson: | Booker Bolton |
ASSETS: | $ Amount |
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Cash & Equivalents | 243,336 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 751,482 |
Other Loans | 0 |
TOTAL LOANS | 751,482 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,436 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 24,315 |
All Other Assets | 0 |
TOTAL ASSETS | 4,841,375 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 55,724 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,370,179 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,370,179 |
TOTAL LIABILITIES | 2,425,903 |
Regular Reserve | 0 |
Other Reserves | 623,183 |
Undivided Earnings | 1,792,289 |
TOTAL EQUITY | 2,415,472 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,841,375 |
INCOME & EXPENSE | |
Loan Income | 109,281 |
Investment Income | 78,872 |
Other Income | 7,395 |
Total Employee Compensation & Benefits | 93,497 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 79,956 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,147 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,430 |
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