Sep, 30, 2025 — CHICAGO AREA OFFICE FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 1 branch location and about $9.38 million in total assets. Opened 83 years ago in 1943, CHICAGO AREA OFFICE FEDERAL CREDIT UNION has about 1,269 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: | https://www.chicagoareafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,269 |
| 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: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,380,015 |
| CEO/Manager: | Robin H Shannon |
| Chairperson: | Elizabeth Mitchell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,930,789 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,016,882 |
| Other Loans | 1,845,670 |
| TOTAL LOANS | 2,862,555 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,863 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 69,376 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,380,015 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 65,230 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,721,842 |
| Regular shares | 5,031,549 |
| All Other Shares & Deposits | 543,752 |
| TOTAL SHARES & DEPOSITS | 7,297,144 |
| TOTAL LIABILITIES | 7,362,374 |
| Regular Reserve | 0 |
| Other Reserves | 582,989 |
| Undivided Earnings | 1,434,652 |
| TOTAL EQUITY | 2,017,641 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,380,015 |
| INCOME & EXPENSE | |
| Loan Income | 165,551 |
| Investment Income | 158,145 |
| Other Income | 31,071 |
| Total Employee Compensation & Benefits | 228,506 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 146,905 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,000 |
| Cost of Funds | 3,731 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -102,464 |
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