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.
| 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 |
| 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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