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