Dec, 31, 2023 — 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 64 years ago in 1960, CTA SOUTH FEDERAL CREDIT UNION has about 572 members 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: | 572 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13533 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,238,221 |
| CEO/Manager: | Joyce Jackson |
| Chairperson: | Kenneth Mixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 497,645 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 218,865 |
| Other Loans | 336,758 |
| TOTAL LOANS | 555,623 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,146 |
| Land And Building | 0 |
| Other Fixed Assets | 840 |
| NCUSIF Deposit | 8,964 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,238,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,904 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 900,783 |
| All Other Shares & Deposits | 3,732 |
| TOTAL SHARES & DEPOSITS | 904,516 |
| TOTAL LIABILITIES | 965,420 |
| Regular Reserve | 0 |
| Other Reserves | 63,382 |
| Undivided Earnings | 209,419 |
| TOTAL EQUITY | 272,801 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,238,221 |
| INCOME & EXPENSE | |
| Loan Income | 58,443 |
| Investment Income | 9,937 |
| Other Income | 8,995 |
| Total Employee Compensation & Benefits | 25,129 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,885 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,328 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,519 |
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