Dec, 31, 2022 — LOYOLA UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MAYWOOD, IL with 1 branch location and about $48.57 million in total assets. Opened 44 years ago in 1979, LOYOLA UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION has about 4,746 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: | 4,746 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $48,566,984 |
CEO/Manager: | Harold Tram |
Chairperson: | Howard Hayes |
ASSETS: | $ Amount |
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Cash & Equivalents | 82,710 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,684,281 |
Other Loans | 3,039,476 |
TOTAL LOANS | 5,723,757 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -139,451 |
Land And Building | 0 |
Other Fixed Assets | 72,190 |
NCUSIF Deposit | 430,656 |
All Other Assets | 0 |
TOTAL ASSETS | 48,566,984 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,710 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 159,138 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,363,812 |
Regular shares | 28,953,441 |
All Other Shares & Deposits | 10,822,046 |
TOTAL SHARES & DEPOSITS | 44,139,299 |
TOTAL LIABILITIES | 44,322,147 |
Regular Reserve | 0 |
Other Reserves | -1,301,634 |
Undivided Earnings | 5,546,471 |
TOTAL EQUITY | 4,244,837 |
TOTAL LIABILITIES, SHARES, & EQUITY | 48,566,984 |
INCOME & EXPENSE | |
Loan Income | 292,125 |
Investment Income | 512,368 |
Other Income | 68,566 |
Total Employee Compensation & Benefits | 304,773 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 481,826 |
Non-operating Income & (Expense) | 115,424 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,667 |
Cost of Funds | 57,521 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 170,128 |
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