Dec, 31, 2020 — CTA SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $1.24 million in total assets. Opened 61 years ago in 1960, CTA SOUTH FEDERAL CREDIT UNION has about 604 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: | CTA SOUTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8050 S KING DR CHICAGO, IL 60619-3700 |
| Phone: | (773) 783-5693 |
| Fax: | (773) 783-6095 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 604 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13533 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,244,522 |
| CEO/Manager: | Aquanette Thompson |
| Chairperson: | Kenneth Mixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 430,382 |
| TOTAL INVESTMENTS | 210,237 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 390,028 |
| Other Loans | 229,725 |
| TOTAL LOANS | 619,753 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,456 |
| Land And Building | 0 |
| Other Fixed Assets | 5,812 |
| NCUSIF Deposit | 8,831 |
| All Other Assets | 1,963 |
| TOTAL ASSETS | 1,244,522 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 619 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 924,857 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 924,857 |
| TOTAL LIABILITIES | 925,476 |
| Regular Reserve | 63,382 |
| Other Reserves | 0 |
| Undivided Earnings | 255,664 |
| TOTAL EQUITY | 319,046 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,244,522 |
| INCOME & EXPENSE | |
| Loan Income | 85,836 |
| Investment Income | 6,551 |
| Other Income | 7,689 |
| Total Employee Compensation & Benefits | 39,706 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 61,450 |
| Non-operating Income & (Expense) | 994 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,270 |
| Cost of Funds | 1,740 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -15,096 |
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