Sep, 30, 2025 — OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in OAK LAWN, IL with 1 branch location and about $4.51 million in total assets. Opened 64 years ago in 1962, OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION has about 822 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 9446 RAYMOND AVE OAK LAWN, IL 60453 |
| Phone: | (708) 636-0470 |
| Fax: | (708) 636-5303 |
| Website: | https://www.olmecu.virualcu.net |
| Branches: | 1 branch locations |
| Members: | 822 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62717 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,507,449 |
| CEO/Manager: | CHRISTINE EGAN |
| Chairperson: | STEVE BARRETT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 475,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 659,081 |
| Other Loans | 1,951,270 |
| TOTAL LOANS | 2,610,351 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,473 |
| Land And Building | 0 |
| Other Fixed Assets | 1,602 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 37,344 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,507,449 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,633 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,863,290 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,863,290 |
| TOTAL LIABILITIES | 3,865,923 |
| Regular Reserve | 0 |
| Other Reserves | 150,407 |
| Undivided Earnings | 491,119 |
| TOTAL EQUITY | 641,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,507,449 |
| INCOME & EXPENSE | |
| Loan Income | 116,835 |
| Investment Income | 42,125 |
| Other Income | 2,909 |
| Total Employee Compensation & Benefits | 52,077 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 47,379 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,473 |
| Cost of Funds | 21,024 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,411 |
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