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ISRAEL METHCOMM FEDERAL CREDIT UNION

Mar, 31, 2022 — ISRAEL METHCOMM FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $1.76 million in total assets. Opened 59 years ago in 1963, ISRAEL METHCOMM FEDERAL CREDIT UNION has about 218 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)
7620 S Cottage Grove Ave
CHICAGO, IL 60619-2517
Phone:(773) 483-1131
Fax:(773) 483-0092
Website:n/a
Branches:1 branch locations
Members:218
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:$1,763,415
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 1,006,345
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 506,794
 TOTAL LOANS 506,794
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 13,185
 All Other Assets 0
  TOTAL ASSETS 1,763,415
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 267,000
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,297,400
 All Other Shares & Deposits 21,159
  TOTAL SHARES & DEPOSITS 1,318,559
  TOTAL LIABILITIES 1,585,559
 Regular Reserve 0
 Other Reserves 5,163
 Undivided Earnings 172,693
  TOTAL EQUITY 177,856
  TOTAL LIABILITIES, SHARES, & EQUITY 1,763,415
INCOME & EXPENSE  
 Loan Income 5,839
 Investment Income 262
 Other Income 12
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,520
 Non-operating Income & (Expense) 2,089
 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) 3,682
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