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 |
| 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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