Dec, 31, 2023 — LOYOLA UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MAYWOOD, IL with 1 branch location and about $46.19 million in total assets. Opened 45 years ago in 1979, LOYOLA UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION has about 4,565 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOYOLA UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 2160 S 1st Ave Bldg 105 MAYWOOD, IL 60153-3328 |
Phone: | (708) 216-4500 |
Fax: | (708) 216-6546 |
Website: | https://www.luefcu.org |
Branches: | 1 branch locations |
Members: | 4,565 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23421 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,189,559 |
CEO/Manager: | Harold Tram |
Chairperson: | Steven Ross |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,180,278 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,831,351 |
Other Loans | 3,289,357 |
TOTAL LOANS | 6,120,708 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -95,365 |
Land And Building | 0 |
Other Fixed Assets | 91,742 |
NCUSIF Deposit | 437,250 |
All Other Assets | 15,280 |
TOTAL ASSETS | 46,189,559 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 501,716 |
Accounts Payable & Other Liabilities | 130,511 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,688,518 |
Regular shares | 24,035,652 |
All Other Shares & Deposits | 13,657,831 |
TOTAL SHARES & DEPOSITS | 41,382,002 |
TOTAL LIABILITIES | 42,014,229 |
Regular Reserve | 0 |
Other Reserves | -1,223,556 |
Undivided Earnings | 5,398,886 |
TOTAL EQUITY | 4,175,330 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,189,559 |
INCOME & EXPENSE | |
Loan Income | 440,075 |
Investment Income | 876,544 |
Other Income | 85,413 |
Total Employee Compensation & Benefits | 331,131 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 642,329 |
Non-operating Income & (Expense) | 172,559 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,884 |
Cost of Funds | 523,322 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -214,455 |
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» See also Statement of Financial Condition