Dec, 31, 2021 — CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 3 branch locations and about $64.20 million in total assets. Opened 96 years ago in 1926, CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION has about 12,005 members and employs 16 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 MUNICIPAL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 18 S Michigan Ave CHICAGO, IL 60603 |
Phone: | (312) 236-2326 |
Fax: | (312) 236-1147 |
Website: | http://www.cmecuonline.org |
Branches: | 3 branch locations |
Members: | 12,005 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65932 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1926 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $64,202,092 |
CEO/Manager: | Peter Tzortzakis |
Chairperson: | David Bryant |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,302,749 |
TOTAL INVESTMENTS | 21,000,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,738,808 |
Unsecured Loans | 11,926,579 |
Other Loans | 11,618,887 |
TOTAL LOANS | 30,284,274 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -315,696 |
Land And Building | 1,795,850 |
Other Fixed Assets | 185,438 |
NCUSIF Deposit | 482,949 |
All Other Assets | 2,466,528 |
TOTAL ASSETS | 64,202,092 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,889,937 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,843,129 |
Regular shares | 30,486,044 |
All Other Shares & Deposits | 23,349,699 |
TOTAL SHARES & DEPOSITS | 56,678,872 |
TOTAL LIABILITIES | 58,568,809 |
Regular Reserve | 1,116,000 |
Other Reserves | 192,944 |
Undivided Earnings | 4,324,339 |
TOTAL EQUITY | 5,633,283 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,202,092 |
INCOME & EXPENSE | |
Loan Income | 2,185,940 |
Investment Income | 210,015 |
Other Income | 426,500 |
Total Employee Compensation & Benefits | 788,577 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,709,873 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 156,507 |
Cost of Funds | 251,069 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,335,443 |
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