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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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