Dec, 31, 2020 — CTA - C AND M FEDERAL CREDIT UNION is a federal credit union headquartered in Oak Park, IL with 1 branch location and about $1.51 million in total assets. Opened 57 years ago in 1964, CTA - C AND M FEDERAL CREDIT UNION has about 365 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 |
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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: | 365 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16473 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,514,111 |
CEO/Manager: | Randal B Meyer |
Chairperson: | Joseph J Simmons |
ASSETS: | $ Amount |
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Cash & Equivalents | 938,285 |
TOTAL INVESTMENTS | 10,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 335,191 |
Other Loans | 210,687 |
TOTAL LOANS | 545,878 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,040 |
Land And Building | 0 |
Other Fixed Assets | 12,596 |
NCUSIF Deposit | 13,812 |
All Other Assets | 6,580 |
TOTAL ASSETS | 1,514,111 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,435 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,383,516 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,383,516 |
TOTAL LIABILITIES | 1,385,951 |
Regular Reserve | 100,003 |
Other Reserves | 0 |
Undivided Earnings | 28,157 |
TOTAL EQUITY | 128,160 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,514,111 |
INCOME & EXPENSE | |
Loan Income | 60,697 |
Investment Income | 5,977 |
Other Income | 3,456 |
Total Employee Compensation & Benefits | 62,167 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 62,833 |
Non-operating Income & (Expense) | 12,500 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,000 |
Cost of Funds | 763 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -34,133 |
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