Dec, 31, 2021 — ELCA FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $23.53 million in total assets. Opened 7 years ago in 2015, ELCA FEDERAL CREDIT UNION has about 1,957 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELCA FEDERAL CREDIT UNION |
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Address: (Main Office) | 8765 W Higgins Rd CHICAGO, IL 60631 |
Phone: | (877) 715-1111 |
Fax: | |
Website: | http://www.elcafcu.org |
Branches: | 1 branch locations |
Members: | 1,957 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24866 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 2015 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,533,458 |
CEO/Manager: | Luis Reyes |
Chairperson: | Eva Roby |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,125,363 |
TOTAL INVESTMENTS | 1,736,394 |
Loans Held for Sale | 0 |
Real Estate Loans | 759,832 |
Unsecured Loans | 1,428,655 |
Other Loans | 5,378,368 |
TOTAL LOANS | 7,566,855 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,162 |
Land And Building | 0 |
Other Fixed Assets | 69,209 |
NCUSIF Deposit | 107,601 |
All Other Assets | 34,198 |
TOTAL ASSETS | 23,533,458 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 289,471 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,848,766 |
Regular shares | 13,610,312 |
All Other Shares & Deposits | 1,796,620 |
TOTAL SHARES & DEPOSITS | 20,255,698 |
TOTAL LIABILITIES | 20,545,169 |
Regular Reserve | 0 |
Other Reserves | 389 |
Undivided Earnings | 2,987,900 |
TOTAL EQUITY | 2,988,289 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,533,458 |
INCOME & EXPENSE | |
Loan Income | 319,888 |
Investment Income | 37,551 |
Other Income | 721,077 |
Total Employee Compensation & Benefits | 321,749 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 641,990 |
Non-operating Income & (Expense) | 321,550 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,533 |
Cost of Funds | 81,367 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 322,427 |
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