Dec, 31, 2023 — FOR MEMBERS ONLY FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $3.89 million in total assets. Opened 1 years ago in 2023, FOR MEMBERS ONLY FEDERAL CREDIT UNION has about 6,607 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOR MEMBERS ONLY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5656 S Stony Island Ave CHICAGO, IL 60637-1906 |
| Phone: | (773) 684-1282 |
| Fax: | |
| Website: | https://akafmofcu.org |
| Branches: | 1 branch locations |
| Members: | 6,607 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24946 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2023 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,889,964 |
| CEO/Manager: | Terri B Eason |
| Chairperson: | Danette Anthony Reed |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,889,964 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 0 |
| TOTAL LOANS | 0 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 0 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,889,964 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 440 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,320,099 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,320,099 |
| TOTAL LIABILITIES | 3,320,539 |
| Regular Reserve | 0 |
| Other Reserves | 569,425 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 569,425 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,889,964 |
| INCOME & EXPENSE | |
| Loan Income | 0 |
| Investment Income | 28,956 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 119,697 |
| Non-operating Income & (Expense) | 160,272 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 116 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 69,415 |
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