Mar, 31, 2021 — CTA - C AND M FEDERAL CREDIT UNION is a federal credit union headquartered in Oak Park, IL with 1 branch location and about $1.46 million in total assets. Opened 57 years ago in 1964, CTA - C AND M FEDERAL CREDIT UNION has about 355 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: | CTA - C AND M FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1011 Lake St Ste 217 Oak Park, IL 60301-1137 |
| Phone: | (773) 826-9222 |
| Fax: | (708) 848-9234 |
| Website: | http://www.cmfedcu.com |
| Branches: | 1 branch locations |
| Members: | 355 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16473 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,459,780 |
| CEO/Manager: | Randal B Meyer |
| Chairperson: | Joseph J Simmons |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 497,067 |
| TOTAL INVESTMENTS | 415,392 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 296,500 |
| Other Loans | 228,492 |
| TOTAL LOANS | 524,992 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,701 |
| Land And Building | 0 |
| Other Fixed Assets | 11,938 |
| NCUSIF Deposit | 13,812 |
| All Other Assets | 11,280 |
| TOTAL ASSETS | 1,459,780 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,471 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,340,118 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,340,118 |
| TOTAL LIABILITIES | 1,345,589 |
| Regular Reserve | 100,003 |
| Other Reserves | 0 |
| Undivided Earnings | 14,188 |
| TOTAL EQUITY | 114,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,459,780 |
| INCOME & EXPENSE | |
| Loan Income | 14,475 |
| Investment Income | 230 |
| Other Income | 747 |
| Total Employee Compensation & Benefits | 15,543 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,203 |
| Non-operating Income & (Expense) | 3,045 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -13,970 |
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