Dec, 31, 2023 — OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in OAK LAWN, IL with 0 branch location and about $4.47 million in total assets. Opened 62 years ago in 1962, OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION has about 803 members 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 |
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Address: (Main Office) | 9446 RAYMOND AVE OAK LAWN, IL 60453 |
Phone: | (708) 636-0470 |
Fax: | (708) 636-5303 |
Website: | https://olmecu.virualcu.net |
Branches: | 0 branch locations |
Members: | 803 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62717 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,472,493 |
CEO/Manager: | CHRISTINE EGAN |
Chairperson: | GERALD CHICKERILLO |
ASSETS: | $ Amount |
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Cash & Equivalents | 231,028 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 716,560 |
Other Loans | 2,070,411 |
TOTAL LOANS | 2,786,971 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,396 |
Land And Building | 0 |
Other Fixed Assets | 3,665 |
NCUSIF Deposit | 45,410 |
All Other Assets | 0 |
TOTAL ASSETS | 4,472,493 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,130 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,904,338 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,904,335 |
TOTAL LIABILITIES | 3,906,465 |
Regular Reserve | 0 |
Other Reserves | 150,407 |
Undivided Earnings | 415,621 |
TOTAL EQUITY | 566,028 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,472,493 |
INCOME & EXPENSE | |
Loan Income | 117,215 |
Investment Income | 12,164 |
Other Income | 3,524 |
Total Employee Compensation & Benefits | 67,484 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 64,747 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 8,257 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,891 |
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