Jun, 30, 2024 — ELCA FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $28.84 million in total assets. Opened 10 years ago in 2015, ELCA FEDERAL CREDIT UNION has about 2,002 members and employs 7 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: | https://www.elcafcu.org |
| Branches: | 1 branch locations |
| Members: | 2,002 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,843,102 |
| CEO/Manager: | Luis Reyes |
| Chairperson: | Eva Roby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,207,077 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,722,049 |
| Unsecured Loans | 551,041 |
| Other Loans | 6,317,941 |
| TOTAL LOANS | 10,591,031 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,807 |
| Land And Building | 0 |
| Other Fixed Assets | 104,977 |
| NCUSIF Deposit | 159,333 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,843,102 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 243,708 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,784,911 |
| Regular shares | 13,307,094 |
| All Other Shares & Deposits | 1,526,264 |
| TOTAL SHARES & DEPOSITS | 25,618,269 |
| TOTAL LIABILITIES | 25,861,977 |
| Regular Reserve | 0 |
| Other Reserves | -58,801 |
| Undivided Earnings | 3,039,926 |
| TOTAL EQUITY | 2,981,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,843,102 |
| INCOME & EXPENSE | |
| Loan Income | 271,385 |
| Investment Income | 90,803 |
| Other Income | 108,241 |
| Total Employee Compensation & Benefits | 236,969 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 287,692 |
| Non-operating Income & (Expense) | 56,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,047 |
| Cost of Funds | 25,694 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -47,973 |
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