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 |
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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 |
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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 |
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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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