Dec, 31, 2023 — CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 3 branch locations and about $61.08 million in total assets. Opened 98 years ago in 1926, CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION has about 11,213 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 CHICAGO, IL 60603 |
Phone: | (312) 236-2326 |
Fax: | (312) 236-1147 |
Website: | https://www.cmecuonline.org |
Branches: | 3 branch locations |
Members: | 11,213 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $61,076,564 |
CEO/Manager: | Peter Tzortzakis |
Chairperson: | David Bryant |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,378,256 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,984,118 |
Unsecured Loans | 10,197,002 |
Other Loans | 20,097,521 |
TOTAL LOANS | 38,278,641 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -241,665 |
Land And Building | 1,702,867 |
Other Fixed Assets | 139,777 |
NCUSIF Deposit | 477,303 |
All Other Assets | 0 |
TOTAL ASSETS | 61,076,564 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,302 |
Notes & Interest Payable | 300,000 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,517,399 |
Regular shares | 26,900,449 |
All Other Shares & Deposits | 25,974,932 |
TOTAL SHARES & DEPOSITS | 55,392,780 |
TOTAL LIABILITIES | 55,695,082 |
Regular Reserve | 0 |
Other Reserves | 192,944 |
Undivided Earnings | 5,188,538 |
TOTAL EQUITY | 5,381,482 |
TOTAL LIABILITIES, SHARES, & EQUITY | 61,076,564 |
INCOME & EXPENSE | |
Loan Income | 2,561,390 |
Investment Income | 277,674 |
Other Income | 297,392 |
Total Employee Compensation & Benefits | 973,593 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,111,288 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 476,338 |
Cost of Funds | 813,814 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -409,319 |
↑ Back to Top |