Sep, 30, 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 $5.41 million in total assets. Opened 60 years ago in 1962, OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION has about 863 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, LOWER LEVEL OAK LAWN, IL 60453 |
| Phone: | (708) 636-0470 |
| Fax: | (708) 636-5303 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 863 |
| 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: | $5,406,764 |
| CEO/Manager: | JANICE M KITCHING |
| Chairperson: | GERALD CHICKERILLO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 632,993 |
| TOTAL INVESTMENTS | 3,174,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 547,462 |
| Other Loans | 1,010,616 |
| TOTAL LOANS | 1,558,078 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,436 |
| Land And Building | 0 |
| Other Fixed Assets | 6,965 |
| NCUSIF Deposit | 42,803 |
| All Other Assets | 9,361 |
| TOTAL ASSETS | 5,406,764 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,340 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,811,866 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,811,866 |
| TOTAL LIABILITIES | 4,818,206 |
| Regular Reserve | 150,407 |
| Other Reserves | 0 |
| Undivided Earnings | 438,151 |
| TOTAL EQUITY | 588,558 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,406,764 |
| INCOME & EXPENSE | |
| Loan Income | 58,934 |
| Investment Income | 25,400 |
| Other Income | 2,233 |
| Total Employee Compensation & Benefits | 43,071 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 38,628 |
| 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 | 1,730 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,099 |
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