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CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION

Dec, 31, 2023 — CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $10.11 million in total assets. Opened 67 years ago in 1957, CHICAGO FIRE OFFICERS' ASSOCIATION CREDIT UNION has about 1,142 members and employs 5 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 FIRE OFFICERS' ASSOCIATION CREDIT UNION
Address:
(Main Office)
10231 S Western Ave
CHICAGO, IL 60643-1917
Phone:(773) 445-1700
Fax:(773) 445-1800
Website:https://www.chicagosbravestcu.com
Branches:1 branch locations
Members:1,142
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61560
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$10,109,329
CEO/Manager:JoAnne Krawczyk
Chairperson:James R Corbett

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 485,600
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,970,107
 Other Loans 4,519,504
 TOTAL LOANS 8,489,611
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -113,501
 Land And Building 0
 Other Fixed Assets 4,231
 NCUSIF Deposit 92,673
 All Other Assets 0
  TOTAL ASSETS 10,109,329
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 50,936
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,193,091
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 8,193,091
  TOTAL LIABILITIES 8,244,027
 Regular Reserve 0
 Other Reserves 304,365
 Undivided Earnings 1,560,937
  TOTAL EQUITY 1,865,302
  TOTAL LIABILITIES, SHARES, & EQUITY 10,109,329
INCOME & EXPENSE  
 Loan Income 589,435
 Investment Income 31,354
 Other Income 19,700
 Total Employee Compensation & Benefits 252,708
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 162,144
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,957
 Cost of Funds 131,889
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 99,678
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