Dec, 31, 2023 — 77TH STREET DEPOT FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 3 branch locations and about $20.20 million in total assets. Opened 86 years ago in 1938, 77TH STREET DEPOT FEDERAL CREDIT UNION has about 5,237 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 77TH STREET DEPOT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5401 S Wentworth Ave Ste 26 CHICAGO, IL 60609-6300 |
| Phone: | (773) 846-7137 |
| Fax: | (773) 846-7512 |
| Website: | https://www.77thstreetdepotfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,237 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2505 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,195,465 |
| CEO/Manager: | Al O Towns |
| Chairperson: | Jerry Weems |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 530,063 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,326,492 |
| Other Loans | 2,612,578 |
| TOTAL LOANS | 5,939,069 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -256,323 |
| Land And Building | 256,617 |
| Other Fixed Assets | 6,313 |
| NCUSIF Deposit | 164,937 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,195,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 91,608 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 641,080 |
| Regular shares | 13,075,571 |
| All Other Shares & Deposits | 1,595,859 |
| TOTAL SHARES & DEPOSITS | 15,312,510 |
| TOTAL LIABILITIES | 15,404,118 |
| Regular Reserve | 0 |
| Other Reserves | 595,066 |
| Undivided Earnings | 4,196,281 |
| TOTAL EQUITY | 4,791,347 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,195,465 |
| INCOME & EXPENSE | |
| Loan Income | 541,729 |
| Investment Income | 353,311 |
| Other Income | 74,713 |
| Total Employee Compensation & Benefits | 385,056 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 466,623 |
| Non-operating Income & (Expense) | 53,529 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 221,000 |
| Cost of Funds | 57,793 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,299 |
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