Dec, 31, 2021 — CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $5.13 million in total assets. Opened 85 years ago in 1937, CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION has about 614 members and employs 4 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: | n/a |
| Branches: | 1 branch locations |
| Members: | 614 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2495 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,131,520 |
| CEO/Manager: | Dorothy H McCalister |
| Chairperson: | Booker Bolton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 423,141 |
| TOTAL INVESTMENTS | 3,980,902 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 775,867 |
| Other Loans | 0 |
| TOTAL LOANS | 775,867 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,415 |
| Land And Building | 0 |
| Other Fixed Assets | 3,957 |
| NCUSIF Deposit | 24,376 |
| All Other Assets | 17,692 |
| TOTAL ASSETS | 5,131,520 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 63,959 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,680,530 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,680,530 |
| TOTAL LIABILITIES | 2,744,489 |
| Regular Reserve | 612,183 |
| Other Reserves | 11,000 |
| Undivided Earnings | 1,763,848 |
| TOTAL EQUITY | 2,387,031 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,131,520 |
| INCOME & EXPENSE | |
| Loan Income | 118,713 |
| Investment Income | 63,711 |
| Other Income | 7,285 |
| Total Employee Compensation & Benefits | 97,900 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 80,077 |
| Non-operating Income & (Expense) | 5,702 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 6,724 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,190 |
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