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CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION

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.


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:http://www.cmecuonline.org
Branches:3 branch locations
Members:12,005
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:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$64,202,092
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 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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