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CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION

Jun, 30, 2024 — CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 3 branch locations and about $58.39 million in total assets. Opened 98 years ago in 1926, CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION has about 11,746 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:https://www.cmecuonline.org
Branches:3 branch locations
Members:11,746
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$58,393,177
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 2,960,596
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,803,016
 Unsecured Loans 12,020,181
 Other Loans 13,912,172
 TOTAL LOANS 32,735,369
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -305,584
 Land And Building 1,760,874
 Other Fixed Assets 131,534
 NCUSIF Deposit 511,985
 All Other Assets 0
  TOTAL ASSETS 58,393,177
LIABILITIES & CAPITAL:  
 Dividends Payable 1,750
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 909,934
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,863,596
 Regular shares 30,525,490
 All Other Shares & Deposits 17,689,353
  TOTAL SHARES & DEPOSITS 51,078,439
  TOTAL LIABILITIES 51,990,123
 Regular Reserve 0
 Other Reserves 1,308,944
 Undivided Earnings 5,094,110
  TOTAL EQUITY 6,403,054
  TOTAL LIABILITIES, SHARES, & EQUITY 58,393,177
INCOME & EXPENSE  
 Loan Income 1,642,579
 Investment Income 203,662
 Other Income 333,640
 Total Employee Compensation & Benefits 692,906
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,354,079
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 149,472
 Cost of Funds 206,617
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 769,772
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