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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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