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CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION

Jun, 30, 2023 — CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $11.35 million in total assets. Opened 67 years ago in 1957, CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION has about 1,099 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION
Address:
(Main Office)
10231 S Western Ave
CHICAGO, IL 60643-1917
Phone:(773) 445-1700
Fax:(773) 445-1800
Website:https://www.chicagosbravestcu.com
Branches:1 branch locations
Members:1,099
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61560
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$11,348,602
CEO/Manager:JoAnne Krawczyk
Chairperson:James R Corbett

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 71,743
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,430,678
 Other Loans 4,335,740
 TOTAL LOANS 7,766,418
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -154,714
 Land And Building 0
 Other Fixed Assets 12,164
 NCUSIF Deposit 93,544
 All Other Assets 0
  TOTAL ASSETS 11,348,602
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,199
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 9,625,613
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,625,613
  TOTAL LIABILITIES 9,636,812
 Regular Reserve 0
 Other Reserves 304,365
 Undivided Earnings 1,407,425
  TOTAL EQUITY 1,711,790
  TOTAL LIABILITIES, SHARES, & EQUITY 11,348,602
INCOME & EXPENSE  
 Loan Income 340,542
 Investment Income 34,760
 Other Income 900
 Total Employee Compensation & Benefits 146,021
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 98,878
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 38,697
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 111,709
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