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 |
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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 |
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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 |
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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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