Sep, 30, 2025 — HOMEWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in HOMEWOOD, IL with 1 branch location and about $1.49 million in total assets. Opened 89 years ago in 1937, HOMEWOOD FEDERAL CREDIT UNION has about 588 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOMEWOOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2005 ridge rd HOMEWOOD, IL 60430 |
| Phone: | (708) 957-0444 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 588 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24711 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,485,798 |
| CEO/Manager: | Martin J Mitchell |
| Chairperson: | Gerald Tienstra |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 206,061 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 15,309 |
| Other Loans | 707,012 |
| TOTAL LOANS | 722,321 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,664 |
| Land And Building | 0 |
| Other Fixed Assets | 1,689 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,063 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,485,798 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,543 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,359,415 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,359,415 |
| TOTAL LIABILITIES | 1,360,958 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 124,840 |
| TOTAL EQUITY | 124,840 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,485,798 |
| INCOME & EXPENSE | |
| Loan Income | 29,864 |
| Investment Income | 25,614 |
| Other Income | 2,682 |
| Total Employee Compensation & Benefits | 22,869 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 82,272 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,539 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,520 |
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