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OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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