Dec, 31, 2023 — JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JOLIET, IL with 1 branch location and about $10.75 million in total assets. Opened 60 years ago in 1964, JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 879 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: | JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 818 e cass st JOLIET, IL 60432 |
Phone: | (815) 726-3883 |
Fax: | (815) 726-3926 |
Website: | https://www.jolietmunicipal.com |
Branches: | 1 branch locations |
Members: | 879 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16437 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,747,330 |
CEO/Manager: | MARIBEL Bedolla |
Chairperson: | HAROLD W HARTY |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,814,145 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,527,023 |
Other Loans | 7,308,570 |
TOTAL LOANS | 8,835,593 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,891 |
Land And Building | 0 |
Other Fixed Assets | 14,669 |
NCUSIF Deposit | 86,096 |
All Other Assets | 0 |
TOTAL ASSETS | 10,747,330 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 699 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 43,819 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,465,929 |
All Other Shares & Deposits | 6,030,460 |
TOTAL SHARES & DEPOSITS | 9,496,389 |
TOTAL LIABILITIES | 9,540,907 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,206,423 |
TOTAL EQUITY | 1,206,423 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,747,330 |
INCOME & EXPENSE | |
Loan Income | 486,355 |
Investment Income | 18,316 |
Other Income | 9,198 |
Total Employee Compensation & Benefits | 131,485 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 111,347 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,192 |
Cost of Funds | 173,025 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 93,115 |
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