Jun, 30, 2024 — U. S. EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 2 branch locations and about $105.15 million in total assets. Opened 71 years ago in 1953, U. S. EMPLOYEES CREDIT UNION has about 7,305 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | U. S. EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 230 S Dearborn St Ste 2962 CHICAGO, IL 60604-1592 |
| Phone: | (312) 922-5310 |
| Fax: | (312) 922-8609 |
| Website: | https://www.usemployees.org |
| Branches: | 2 branch locations |
| Members: | 7,305 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61793 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $105,146,617 |
| CEO/Manager: | Eric W Stiegel |
| Chairperson: | Paul E Durbak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,080,297 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,110,346 |
| Unsecured Loans | 4,293,109 |
| Other Loans | 13,910,809 |
| TOTAL LOANS | 29,314,264 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -582,627 |
| Land And Building | 0 |
| Other Fixed Assets | 126,000 |
| NCUSIF Deposit | 869,351 |
| All Other Assets | 109,648 |
| TOTAL ASSETS | 105,146,617 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 409,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,896,464 |
| Regular shares | 35,055,764 |
| All Other Shares & Deposits | 36,120,843 |
| TOTAL SHARES & DEPOSITS | 94,073,071 |
| TOTAL LIABILITIES | 94,482,570 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,664,047 |
| TOTAL EQUITY | 10,664,047 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 105,146,617 |
| INCOME & EXPENSE | |
| Loan Income | 1,201,357 |
| Investment Income | 639,540 |
| Other Income | 801,775 |
| Total Employee Compensation & Benefits | 1,616,534 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,391,399 |
| Non-operating Income & (Expense) | -46,210 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,715 |
| Cost of Funds | 61,538 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 568,900 |
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