Jun, 30, 2024 — CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $5.05 million in total assets. Opened 88 years ago in 1937, CHICAGO AVENUE GARAGE FEDERAL CREDIT UNION has about 584 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: | n/a |
| Branches: | 1 branch locations |
| Members: | 584 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2495 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,049,114 |
| CEO/Manager: | Dorothy H McCalister |
| Chairperson: | Booker Bolton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 367,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 691,161 |
| Other Loans | 4,010 |
| TOTAL LOANS | 695,171 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,855 |
| Land And Building | 0 |
| Other Fixed Assets | 409 |
| NCUSIF Deposit | 25,169 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,049,114 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,605,227 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,605,227 |
| TOTAL LIABILITIES | 2,661,531 |
| Regular Reserve | 0 |
| Other Reserves | 623,183 |
| Undivided Earnings | 1,764,400 |
| TOTAL EQUITY | 2,387,583 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,049,114 |
| INCOME & EXPENSE | |
| Loan Income | 84,850 |
| Investment Income | 42,998 |
| Other Income | 3,075 |
| Total Employee Compensation & Benefits | 68,938 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 57,690 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,907 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 552 |
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