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MOLEX EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — MOLEX EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LISLE, IL with 1 branch location and about $7.96 million in total assets. Opened 43 years ago in 1978, MOLEX EMPLOYEES FEDERAL CREDIT UNION has about 1,383 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:MOLEX EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2222 WELLINGTON CT
LISLE, IL 60532
Phone:(630) 527-4280
Fax:(630) 416-4918
Website:http://molexfcu.com
Branches:1 branch locations
Members:1,383
Credit Union Type:Federal Credit Union
Charter Number:23109
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1978
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,961,743
CEO/Manager:Lora J Clarke
Chairperson:Miles Shearer

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,934,690
TOTAL INVESTMENTS 674,198
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 162,504
 Other Loans 4,157,394
 TOTAL LOANS 4,319,898
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,421
 Land And Building 0
 Other Fixed Assets 6,655
 NCUSIF Deposit 65,963
 All Other Assets 1,760
  TOTAL ASSETS 7,961,743
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,350
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,960,561
 All Other Shares & Deposits 1,052,534
  TOTAL SHARES & DEPOSITS 7,013,095
  TOTAL LIABILITIES 7,017,445
 Regular Reserve 94,338
 Other Reserves 0
 Undivided Earnings 849,960
  TOTAL EQUITY 944,298
  TOTAL LIABILITIES, SHARES, & EQUITY 7,961,743
INCOME & EXPENSE  
 Loan Income 86,371
 Investment Income 8,817
 Other Income 6,369
 Total Employee Compensation & Benefits 58,964
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,560
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,619
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,216
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