Dec, 31, 2023 — ISRAEL METHCOMM FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $1.87 million in total assets. Opened 61 years ago in 1963, ISRAEL METHCOMM FEDERAL CREDIT UNION has about 220 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ISRAEL METHCOMM FEDERAL CREDIT UNION |
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Address: (Main Office) | 7620 S Cottage Grove Ave CHICAGO, IL 60619-2517 |
Phone: | (773) 483-1131 |
Fax: | (773) 483-0092 |
Website: | https://imfcu.com/ |
Branches: | 1 branch locations |
Members: | 220 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15673 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,865,344 |
CEO/Manager: | Eddie Berry |
Chairperson: | Willie Lewis |
ASSETS: | $ Amount |
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Cash & Equivalents | 821,731 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 101,044 |
Other Loans | 396,441 |
TOTAL LOANS | 497,485 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,269 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 13,635 |
All Other Assets | 0 |
TOTAL ASSETS | 1,865,344 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 229,381 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,407,794 |
All Other Shares & Deposits | 19,514 |
TOTAL SHARES & DEPOSITS | 1,427,307 |
TOTAL LIABILITIES | 1,656,688 |
Regular Reserve | 0 |
Other Reserves | 5,163 |
Undivided Earnings | 203,493 |
TOTAL EQUITY | 208,656 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,865,344 |
INCOME & EXPENSE | |
Loan Income | 28,614 |
Investment Income | 31,651 |
Other Income | 101 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,127 |
Non-operating Income & (Expense) | 1,488 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,995 |
Cost of Funds | 13,723 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 33,009 |
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