Sep, 30, 2025 — FOR MEMBERS ONLY FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $5.61 million in total assets. Opened 3 years ago in 2023, FOR MEMBERS ONLY FEDERAL CREDIT UNION has about 11,283 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://www.akafmofcu.org |
| Branches: | 1 branch locations |
| Members: | 11,283 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24946 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2023 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,613,960 |
| CEO/Manager: | Terri B Eason |
| Chairperson: | Danette Anthony Reed |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,569,530 |
| 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 (National Credit Union Share Insurance Fund) Deposit | 19,446 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,613,960 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,227 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 302,069 |
| Regular shares | 4,492,566 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,794,636 |
| TOTAL LIABILITIES | 4,798,863 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 815,097 |
| TOTAL EQUITY | 815,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,613,960 |
| INCOME & EXPENSE | |
| Loan Income | 0 |
| Investment Income | 120,861 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 307,118 |
| Non-operating Income & (Expense) | 266,662 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,358 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 83,394 |
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