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CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION

Sep, 30, 2021 — CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $10.95 million in total assets. Opened 65 years ago in 1957, CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION has about 1,064 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., FLOOR 2
CHICAGO, IL 60643
Phone:(773) 445-1700
Fax:(773) 445-1800
Website:http://www.cfoacu.org
Branches:1 branch locations
Members:1,064
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,953,388
CEO/Manager:JoAnne Krawczyk
Chairperson:James R Corbett

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 327,347
TOTAL INVESTMENTS 4,940,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,554,806
 Other Loans 3,066,937
 TOTAL LOANS 5,621,743
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,691
 Land And Building 0
 Other Fixed Assets 19,221
 NCUSIF Deposit 91,262
 All Other Assets 49,506
  TOTAL ASSETS 10,953,388
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,280
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 9,311,595
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,311,595
  TOTAL LIABILITIES 9,325,875
 Regular Reserve 229,364
 Other Reserves 75,000
 Undivided Earnings 1,323,149
  TOTAL EQUITY 1,627,513
  TOTAL LIABILITIES, SHARES, & EQUITY 10,953,388
INCOME & EXPENSE  
 Loan Income 253,906
 Investment Income 63,535
 Other Income 350
 Total Employee Compensation & Benefits 143,595
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 110,041
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 41,099
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 85,878
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