CHICAGO CENTRAL AND COMMERCE CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — CHICAGO CENTRAL AND COMMERCE CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, IA with 2 branch locations and about $7.43 million in total assets. Opened 91 years ago in 1933, CHICAGO CENTRAL AND COMMERCE CREDIT UNION has about 986 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHICAGO CENTRAL AND COMMERCE CREDIT UNION |
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Address: (Main Office) | 1005 E 4TH ST WATERLOO, IA 50703-3932 |
Phone: | (319) 232-0808 |
Fax: | (319) 287-3987 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 986 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62871 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Aug 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,425,297 |
CEO/Manager: | marilyn k hileman |
Chairperson: | morgan kuper |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,404,585 |
TOTAL INVESTMENTS | 3,727,424 |
Loans Held for Sale | 0 |
Real Estate Loans | 342,764 |
Unsecured Loans | 162,859 |
Other Loans | 1,666,598 |
TOTAL LOANS | 2,172,221 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,740 |
Land And Building | 31,700 |
Other Fixed Assets | 4,097 |
NCUSIF Deposit | 51,236 |
All Other Assets | 71,774 |
TOTAL ASSETS | 7,425,297 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 973 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 65,627 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,018,738 |
Regular shares | 2,627,862 |
All Other Shares & Deposits | 2,246,012 |
TOTAL SHARES & DEPOSITS | 5,892,612 |
TOTAL LIABILITIES | 5,959,212 |
Regular Reserve | 360,000 |
Other Reserves | 668,661 |
Undivided Earnings | 437,424 |
TOTAL EQUITY | 1,466,085 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,425,297 |
INCOME & EXPENSE | |
Loan Income | 50,785 |
Investment Income | 17,665 |
Other Income | 2,495 |
Total Employee Compensation & Benefits | 31,469 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,399 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 7,614 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,296 |
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