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 |
| 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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