Dec, 31, 2020 — ELCA FEDERAL CREDIT UNION is a federal credit union headquartered in Chicago, IL with 1 branch location and about $25.11 million in total assets. Opened 6 years ago in 2015, ELCA FEDERAL CREDIT UNION has about 1,877 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 |
|---|---|
| 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: | 1,877 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24866 |
|---|---|
| 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: | $25,110,131 |
| CEO/Manager: | Luis Reyes |
| Chairperson: | Eva Roby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,297,916 |
| TOTAL INVESTMENTS | 2,143,365 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,365,070 |
| Unsecured Loans | 6,131,694 |
| Other Loans | 4,050,183 |
| TOTAL LOANS | 11,546,947 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,241 |
| Land And Building | 0 |
| Other Fixed Assets | 86,263 |
| NCUSIF Deposit | 60,748 |
| All Other Assets | 62,133 |
| TOTAL ASSETS | 25,110,131 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 366,686 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,546,948 |
| Regular shares | 8,347,537 |
| All Other Shares & Deposits | 6,176,126 |
| TOTAL SHARES & DEPOSITS | 22,070,611 |
| TOTAL LIABILITIES | 22,437,297 |
| Regular Reserve | 0 |
| Other Reserves | 7,361 |
| Undivided Earnings | 2,665,473 |
| TOTAL EQUITY | 2,672,834 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,110,131 |
| INCOME & EXPENSE | |
| Loan Income | 345,141 |
| Investment Income | 92,834 |
| Other Income | 238,544 |
| Total Employee Compensation & Benefits | 178,532 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 314,559 |
| Non-operating Income & (Expense) | 22,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,183 |
| Cost of Funds | 119,586 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 73,659 |
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