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National Credit Union Service Organization

FEDERAL LIFE EMPLOYEES CREDIT UNION

Dec, 31, 2021 — FEDERAL LIFE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in RIVERWOODS, IL with 1 branch location and about $845,687 in total assets. Opened 65 years ago in 1957, FEDERAL LIFE EMPLOYEES CREDIT UNION has about 87 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FEDERAL LIFE EMPLOYEES CREDIT UNION
Address:
(Main Office)
3750 Deerfield Rd
RIVERWOODS, IL 60015-3565
Phone:(847) 520-1900
Fax:(847) 520-1965
Website:n/a
Branches:1 branch locations
Members:87
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61280
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Jul 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$845,687
CEO/Manager:Steven Mink
Chairperson:Steven A Mink

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 806,721
TOTAL INVESTMENTS 314
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 484
 Other Loans 30,647
 TOTAL LOANS 31,131
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 8,521
 All Other Assets 0
  TOTAL ASSETS 845,687
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 484
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 744,534
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 744,534
  TOTAL LIABILITIES 745,018
 Regular Reserve 22,870
 Other Reserves 0
 Undivided Earnings 77,799
  TOTAL EQUITY 100,669
  TOTAL LIABILITIES, SHARES, & EQUITY 845,687
INCOME & EXPENSE  
 Loan Income 1,080
 Investment Income 2,415
 Other Income 10
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,016
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -392
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