Dec, 31, 2023 — ARCHER HEIGHTS CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $21.76 million in total assets. Opened 59 years ago in 1965, ARCHER HEIGHTS CREDIT UNION has about 2,176 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARCHER HEIGHTS CREDIT UNION |
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Address: (Main Office) | 6554 W Archer Ave CHICAGO, IL 60638 |
Phone: | (773) 229-1500 |
Fax: | (773) 229-1082 |
Website: | https://www.archerheights.com |
Branches: | 1 branch locations |
Members: | 2,176 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63125 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,764,030 |
CEO/Manager: | Lisa M Strnad |
Chairperson: | Michael Kucik |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,402,383 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,688,894 |
Unsecured Loans | 1,014,621 |
Other Loans | 4,811,860 |
TOTAL LOANS | 10,515,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,739 |
Land And Building | 467,999 |
Other Fixed Assets | 40,199 |
NCUSIF Deposit | 192,027 |
All Other Assets | 0 |
TOTAL ASSETS | 21,764,030 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 147 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 88,909 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,613,625 |
Regular shares | 12,919,030 |
All Other Shares & Deposits | 4,056,782 |
TOTAL SHARES & DEPOSITS | 19,589,437 |
TOTAL LIABILITIES | 19,678,493 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,085,537 |
TOTAL EQUITY | 2,085,537 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,764,030 |
INCOME & EXPENSE | |
Loan Income | 571,087 |
Investment Income | 140,576 |
Other Income | 93,362 |
Total Employee Compensation & Benefits | 379,609 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 352,048 |
Non-operating Income & (Expense) | 4,495 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,559 |
Cost of Funds | 90,333 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,323 |
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