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OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION

Dec, 31, 2023 — 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 $4.47 million in total assets. Opened 62 years ago in 1962, OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNION has about 803 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:https://olmecu.virualcu.net
Branches:0 branch locations
Members:803
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$4,472,493
CEO/Manager:CHRISTINE EGAN
Chairperson:GERALD CHICKERILLO

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 231,028
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 716,560
 Other Loans 2,070,411
 TOTAL LOANS 2,786,971
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,396
 Land And Building 0
 Other Fixed Assets 3,665
 NCUSIF Deposit 45,410
 All Other Assets 0
  TOTAL ASSETS 4,472,493
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,130
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,904,338
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,904,335
  TOTAL LIABILITIES 3,906,465
 Regular Reserve 0
 Other Reserves 150,407
 Undivided Earnings 415,621
  TOTAL EQUITY 566,028
  TOTAL LIABILITIES, SHARES, & EQUITY 4,472,493
INCOME & EXPENSE  
 Loan Income 117,215
 Investment Income 12,164
 Other Income 3,524
 Total Employee Compensation & Benefits 67,484
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,747
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,257
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,891
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