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MWRD EMPLOYEES CREDIT UNION

Mar, 31, 2022 — MWRD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 2 branch locations and about $42.82 million in total assets. Opened 69 years ago in 1953, MWRD EMPLOYEES CREDIT UNION has about 2,312 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MWRD EMPLOYEES CREDIT UNION
Address:
(Main Office)
100 E Erie St
CHICAGO, IL 60611-2829
Phone:(312) 751-3111
Fax:(312) 751-6125
Website:http://mwrdecu.org
Branches:2 branch locations
Members:2,312
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65843
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$42,824,972
CEO/Manager:Linda S Geers
Chairperson:Keri Steele

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,801,102
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,805,264
 Unsecured Loans 2,561,595
 Other Loans 6,101,379
 TOTAL LOANS 17,468,238
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -168,689
 Land And Building 0
 Other Fixed Assets 15,704
 NCUSIF Deposit 338,097
 All Other Assets 0
  TOTAL ASSETS 42,824,972
LIABILITIES & CAPITAL:  
 Dividends Payable 3,343
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 79,228
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,259,695
 Regular shares 32,881,819
 All Other Shares & Deposits 2,401,389
  TOTAL SHARES & DEPOSITS 37,542,903
  TOTAL LIABILITIES 37,625,474
 Regular Reserve 0
 Other Reserves -15,439
 Undivided Earnings 5,214,937
  TOTAL EQUITY 5,199,498
  TOTAL LIABILITIES, SHARES, & EQUITY 42,824,972
INCOME & EXPENSE  
 Loan Income 213,034
 Investment Income 50,015
 Other Income 20,596
 Total Employee Compensation & Benefits 144,418
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 133,095
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,670
 Cost of Funds 7,987
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 35,585
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