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 |
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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 |
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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 |
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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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