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CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION

Mar, 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 $53.45 million in total assets. Opened 95 years ago in 1926, CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION has about 12,338 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, Suite 1000
Chicago, IL 60603
Phone:(312) 236-2326
Fax:(312) 236-1147
Website:http://www.cmecuonline.org
Branches:3 branch locations
Members:12,338
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:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$53,452,986
CEO/Manager:Peter Tzortzakis
Chairperson:David Bryant

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,724,063
TOTAL INVESTMENTS 8,585,000
Loans Held for Sale 0
 
 Real Estate Loans 9,685,835
 Unsecured Loans 10,520,972
 Other Loans 10,199,674
 TOTAL LOANS 30,406,481
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -338,581
 Land And Building 1,830,828
 Other Fixed Assets 240,074
 NCUSIF Deposit 338,196
 All Other Assets 1,666,925
  TOTAL ASSETS 53,452,986
LIABILITIES & CAPITAL:  
 Dividends Payable 2,539
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 274,790
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,621,883
 Regular shares 30,853,797
 All Other Shares & Deposits 15,368,630
  TOTAL SHARES & DEPOSITS 48,844,310
  TOTAL LIABILITIES 49,121,639
 Regular Reserve 1,116,000
 Other Reserves 192,944
 Undivided Earnings 3,022,403
  TOTAL EQUITY 4,331,347
  TOTAL LIABILITIES, SHARES, & EQUITY 53,452,986
INCOME & EXPENSE  
 Loan Income 550,969
 Investment Income 44,029
 Other Income 51,576
 Total Employee Compensation & Benefits 196,937
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 376,894
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 31,685
 Cost of Funds 53,099
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 33,508
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