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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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