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MOLEX EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — MOLEX EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LISLE, IL with 1 branch location and about $6.67 million in total assets. Opened 46 years ago in 1978, MOLEX EMPLOYEES FEDERAL CREDIT UNION has about 1,234 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:https://molexfcu.com
Branches:1 branch locations
Members:1,234
Credit Union Type:Federal Credit Union
Charter Number:23109
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1978
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$6,674,993
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 727,104
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 87,920
 Other Loans 5,100,909
 TOTAL LOANS 5,188,829
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,793
 Land And Building 0
 Other Fixed Assets 4,413
 NCUSIF Deposit 61,114
 All Other Assets 0
  TOTAL ASSETS 6,674,993
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,800
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,710,720
 All Other Shares & Deposits 911,763
  TOTAL SHARES & DEPOSITS 5,622,483
  TOTAL LIABILITIES 5,625,283
 Regular Reserve 0
 Other Reserves 94,337
 Undivided Earnings 955,373
  TOTAL EQUITY 1,049,710
  TOTAL LIABILITIES, SHARES, & EQUITY 6,674,993
INCOME & EXPENSE  
 Loan Income 202,496
 Investment Income 38,563
 Other Income 12,249
 Total Employee Compensation & Benefits 133,805
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,087
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 31,435
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 47,981
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