Sep, 30, 2025 — CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $4.35 million in total assets. Opened 89 years ago in 1937, CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION has about 549 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4909 W Division St Ste 403 CHICAGO, IL 60651-3161 |
| Phone: | (773) 626-1100 |
| Fax: | (773) 626-2210 |
| Website: | https://www.cagfcu.org |
| Branches: | 1 branch locations |
| Members: | 549 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2495 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,345,765 |
| CEO/Manager: | Charquita A Phillips |
| Chairperson: | Booker Bolton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 112,417 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 690,921 |
| Other Loans | 0 |
| TOTAL LOANS | 690,921 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,983 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 20,253 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,345,765 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 91,369 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,788,350 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,788,350 |
| TOTAL LIABILITIES | 1,879,719 |
| Regular Reserve | 0 |
| Other Reserves | 623,183 |
| Undivided Earnings | 1,842,863 |
| TOTAL EQUITY | 2,466,046 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,345,765 |
| INCOME & EXPENSE | |
| Loan Income | 84,487 |
| Investment Income | 82,342 |
| Other Income | 21,945 |
| Total Employee Compensation & Benefits | 74,318 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 74,615 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,981 |
| Cost of Funds | 4,091 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,900 |
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