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.
| 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 |
| 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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