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.
Name: | CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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