Sep, 30, 2025 — MWRD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 2 branch locations and about $39.64 million in total assets. Opened 73 years ago in 1953, MWRD EMPLOYEES CREDIT UNION has about 2,143 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: | MWRD EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 E Erie St CHICAGO, IL 60611-2829 |
| Phone: | (312) 751-3111 |
| Fax: | (312) 751-6125 |
| Website: | https://www.mwrdecu.com |
| Branches: | 2 branch locations |
| Members: | 2,143 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,644,451 |
| CEO/Manager: | Linda S Geers |
| Chairperson: | Kari Steele |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,517,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,229,936 |
| Unsecured Loans | 2,686,948 |
| Other Loans | 8,235,427 |
| TOTAL LOANS | 20,152,312 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -236,933 |
| Land And Building | 0 |
| Other Fixed Assets | 91,387 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 336,722 |
| All Other Assets | 135,310 |
| TOTAL ASSETS | 39,644,451 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,044 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 174,210 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,375,266 |
| Regular shares | 25,639,065 |
| All Other Shares & Deposits | 6,030,547 |
| TOTAL SHARES & DEPOSITS | 34,044,878 |
| TOTAL LIABILITIES | 34,228,132 |
| Regular Reserve | 0 |
| Other Reserves | -23,055 |
| Undivided Earnings | 5,439,374 |
| TOTAL EQUITY | 5,416,319 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,644,451 |
| INCOME & EXPENSE | |
| Loan Income | 901,405 |
| Investment Income | 373,458 |
| Other Income | 54,441 |
| Total Employee Compensation & Benefits | 530,327 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 484,095 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,154 |
| Cost of Funds | 214,402 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 93,426 |
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