Jun, 30, 2024 — MWRD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 2 branch locations and about $42.56 million in total assets. Opened 71 years ago in 1953, MWRD EMPLOYEES CREDIT UNION has about 2,224 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: | https://mwrdecu.org |
| Branches: | 2 branch locations |
| Members: | 2,224 |
| 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: | $42,558,233 |
| CEO/Manager: | Linda S Geers |
| Chairperson: | Keri Steele |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,205,197 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,466,191 |
| Unsecured Loans | 2,669,898 |
| Other Loans | 7,110,873 |
| TOTAL LOANS | 19,246,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,722 |
| Land And Building | 0 |
| Other Fixed Assets | 13,487 |
| NCUSIF Deposit | 366,015 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,558,233 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 946 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 84,515 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,985,351 |
| Regular shares | 33,107,809 |
| All Other Shares & Deposits | 2,245,261 |
| TOTAL SHARES & DEPOSITS | 37,338,421 |
| TOTAL LIABILITIES | 37,423,882 |
| Regular Reserve | 0 |
| Other Reserves | -130,373 |
| Undivided Earnings | 5,264,724 |
| TOTAL EQUITY | 5,134,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,558,233 |
| INCOME & EXPENSE | |
| Loan Income | 669,420 |
| Investment Income | 191,771 |
| Other Income | 62,946 |
| Total Employee Compensation & Benefits | 449,329 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 398,410 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,548 |
| Cost of Funds | 16,153 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 85,372 |
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