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CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION

Dec, 31, 2023 — CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 3 branch locations and about $61.08 million in total assets. Opened 98 years ago in 1926, CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION has about 11,213 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 271078094
Name:CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
18 S Michigan Ave
CHICAGO, IL 60603
Phone:(312) 236-2326
Fax:(312) 236-1147
Website:https://www.cmecuonline.org
Branches:3 branch locations
Members:11,213
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65932
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1926
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$61,076,564
CEO/Manager:Peter Tzortzakis
Chairperson:David Bryant

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,378,256
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,984,118
 Unsecured Loans 10,197,002
 Other Loans 20,097,521
 TOTAL LOANS 38,278,641
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -241,665
 Land And Building 1,702,867
 Other Fixed Assets 139,777
 NCUSIF Deposit 477,303
 All Other Assets 0
  TOTAL ASSETS 61,076,564
LIABILITIES & CAPITAL:  
 Dividends Payable 2,302
 Notes & Interest Payable 300,000
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,517,399
 Regular shares 26,900,449
 All Other Shares & Deposits 25,974,932
  TOTAL SHARES & DEPOSITS 55,392,780
  TOTAL LIABILITIES 55,695,082
 Regular Reserve 0
 Other Reserves 192,944
 Undivided Earnings 5,188,538
  TOTAL EQUITY 5,381,482
  TOTAL LIABILITIES, SHARES, & EQUITY 61,076,564
INCOME & EXPENSE  
 Loan Income 2,561,390
 Investment Income 277,674
 Other Income 297,392
 Total Employee Compensation & Benefits 973,593
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,111,288
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 476,338
 Cost of Funds 813,814
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -409,319
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