FEDERAL LIFE EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — FEDERAL LIFE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Riverwoods, IL with 1 branch location and about $839,196 in total assets. Opened 67 years ago in 1957, FEDERAL LIFE EMPLOYEES CREDIT UNION has about 81 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 West Deerfield Road Riverwoods, IL 60015-3557 |
| Phone: | (847) 520-1900 |
| Fax: | (847) 520-1965 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 81 |
| 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: | $839,196 |
| CEO/Manager: | Steven Mink |
| Chairperson: | Steven A Mink |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 352,747 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 28,963 |
| TOTAL LOANS | 28,963 |
| (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 | 7,445 |
| All Other Assets | 0 |
| TOTAL ASSETS | 839,196 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 553 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 737,776 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 737,776 |
| TOTAL LIABILITIES | 738,329 |
| Regular Reserve | 0 |
| Other Reserves | 22,870 |
| Undivided Earnings | 77,997 |
| TOTAL EQUITY | 100,867 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 839,196 |
| INCOME & EXPENSE | |
| Loan Income | 621 |
| Investment Income | 4,174 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,883 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,416 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 199 |
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