Dec, 31, 2023 — HOMEWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in HOMEWOOD, IL with 1 branch location and about $2.31 million in total assets. Opened 87 years ago in 1937, HOMEWOOD FEDERAL CREDIT UNION has about 755 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOMEWOOD FEDERAL CREDIT UNION |
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Address: (Main Office) | 2005 ridge rd HOMEWOOD, IL 60430 |
Phone: | (708) 957-0444 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 755 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24711 |
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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: | $2,309,770 |
CEO/Manager: | Martin J Mitchell |
Chairperson: | Gerald Tienstra |
ASSETS: | $ Amount |
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Cash & Equivalents | 207,419 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 24,737 |
Other Loans | 964,650 |
TOTAL LOANS | 989,387 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,579 |
Land And Building | 0 |
Other Fixed Assets | 3,461 |
NCUSIF Deposit | 22,140 |
All Other Assets | 0 |
TOTAL ASSETS | 2,309,770 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,630 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,137,361 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,137,361 |
TOTAL LIABILITIES | 2,140,991 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 168,779 |
TOTAL EQUITY | 168,779 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,309,770 |
INCOME & EXPENSE | |
Loan Income | 36,322 |
Investment Income | 53,331 |
Other Income | 3,842 |
Total Employee Compensation & Benefits | 27,078 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 52,147 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 240 |
Cost of Funds | 3,141 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,889 |
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