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ELCA FEDERAL CREDIT UNION

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.


ABA Routing Number: 071093350
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

Call Report

  • Commercial Loans
  • Credit Builder
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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