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OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION

Dec, 31, 2021 — 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 $5.28 million in total assets. Opened 60 years ago in 1962, OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION has about 780 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
Address:
(Main Office)
9446 RAYMOND AVE
OAK LAWN, IL 60453
Phone:(708) 636-0470
Fax:(708) 636-5303
Website:olmecu.virualcu.net
Branches:0 branch locations
Members:780
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,279,817
CEO/Manager:JANICE M KITCHING
Chairperson:GERALD CHICKERILLO

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 313,982
TOTAL INVESTMENTS 3,422,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 563,701
 Other Loans 938,187
 TOTAL LOANS 1,501,888
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,436
 Land And Building 0
 Other Fixed Assets 6,597
 NCUSIF Deposit 42,803
 All Other Assets 9,983
  TOTAL ASSETS 5,279,817
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,114
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,689,685
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,689,685
  TOTAL LIABILITIES 4,691,799
 Regular Reserve 150,407
 Other Reserves 0
 Undivided Earnings 437,611
  TOTAL EQUITY 588,018
  TOTAL LIABILITIES, SHARES, & EQUITY 5,279,817
INCOME & EXPENSE  
 Loan Income 77,722
 Investment Income 29,231
 Other Income 2,984
 Total Employee Compensation & Benefits 57,800
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 45,483
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,064
 Cost of Funds 4,057
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 23,558
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