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ISRAEL METHCOMM FEDERAL CREDIT UNION

Jun, 30, 2021 — ISRAEL METHCOMM FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $1.45 million in total assets. Opened 58 years ago in 1963, ISRAEL METHCOMM FEDERAL CREDIT UNION has about 222 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:ISRAEL METHCOMM FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 19144
CHICAGO, IL 60619
Phone:(773) 483-1131
Fax:(773) 483-0092
Website:n/a
Branches:1 branch locations
Members:222
Credit Union Type:Federal Credit Union
Charter Number:15673
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:1963
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,445,460
CEO/Manager:Eddie Berry
Chairperson:Willie Lewis

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 745,956
TOTAL INVESTMENTS 267,802
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 424,904
 TOTAL LOANS 424,904
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,399
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 13,185
 All Other Assets 3,012
  TOTAL ASSETS 1,445,460
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,249,742
 All Other Shares & Deposits 21,942
  TOTAL SHARES & DEPOSITS 1,271,684
  TOTAL LIABILITIES 1,271,684
 Regular Reserve 27,921
 Other Reserves 5,163
 Undivided Earnings 140,692
  TOTAL EQUITY 173,776
  TOTAL LIABILITIES, SHARES, & EQUITY 1,445,460
INCOME & EXPENSE  
 Loan Income 14,770
 Investment Income 2,068
 Other Income 7,847
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,919
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,766
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