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CHICAGO AREA OFFICE FEDERAL CREDIT UNION

Dec, 31, 2021 — CHICAGO AREA OFFICE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $10.41 million in total assets. Opened 79 years ago in 1943, CHICAGO AREA OFFICE FEDERAL CREDIT UNION has about 1,364 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CHICAGO AREA OFFICE FEDERAL CREDIT UNION
Address:
(Main Office)
600 W MADISON ST
CHICAGO, IL 60661-2406
Phone:(312) 575-5600
Fax:(312) 575-5607
Website:http://www.chicagoareafcu.org
Branches:1 branch locations
Members:1,364
Credit Union Type:Federal Credit Union
Charter Number:5045
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1943
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,410,490
CEO/Manager:Robin H Shannon
Chairperson:Elizabeth Mitchell

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,353,183
TOTAL INVESTMENTS 5,068,144
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,154,317
 Other Loans 1,728,251
 TOTAL LOANS 2,882,568
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,896
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 78,415
 All Other Assets 110,076
  TOTAL ASSETS 10,410,490
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 67,286
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,466,244
 Regular shares 6,079,071
 All Other Shares & Deposits 634,585
  TOTAL SHARES & DEPOSITS 8,179,900
  TOTAL LIABILITIES 8,247,186
 Regular Reserve 582,989
 Other Reserves 0
 Undivided Earnings 1,580,315
  TOTAL EQUITY 2,163,304
  TOTAL LIABILITIES, SHARES, & EQUITY 10,410,490
INCOME & EXPENSE  
 Loan Income 237,886
 Investment Income 86,233
 Other Income 28,703
 Total Employee Compensation & Benefits 261,265
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 186,518
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,207
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,960
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