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JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in joliet, IL with 1 branch location and about $8.83 million in total assets. Opened 57 years ago in 1964, JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 782 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
818 e cass st
joliet, IL 60432
Phone:(815) 726-3883
Fax:(815) 726-3926
Website:http://www.jolietmunicipal.com
Branches:1 branch locations
Members:782
Credit Union Type:Federal Credit Union
Charter Number:16437
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$8,832,902
CEO/Manager:MARIBEL Bedolla
Chairperson:HAROLD W HARTY

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,935,665
TOTAL INVESTMENTS 1,250,900
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,349,833
 Other Loans 4,202,357
 TOTAL LOANS 5,552,190
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,068
 Land And Building 0
 Other Fixed Assets 22,931
 NCUSIF Deposit 74,954
 All Other Assets 12,330
  TOTAL ASSETS 8,832,902
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,181
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,730,639
 All Other Shares & Deposits 4,096,835
  TOTAL SHARES & DEPOSITS 7,827,474
  TOTAL LIABILITIES 7,841,655
 Regular Reserve 126,785
 Other Reserves 0
 Undivided Earnings 864,462
  TOTAL EQUITY 991,247
  TOTAL LIABILITIES, SHARES, & EQUITY 8,832,902
INCOME & EXPENSE  
 Loan Income 77,703
 Investment Income 4,528
 Other Income 756
 Total Employee Compensation & Benefits 24,124
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,644
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 19,342
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,877
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