Dec, 31, 2023 — CHICAGO PATROLMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in CHICAGO, IL with 8 branch locations and about $574.23 million in total assets. Opened 86 years ago in 1938, CHICAGO PATROLMEN'S FEDERAL CREDIT UNION has about 42,616 members and employs 88 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 PATROLMEN'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1407 W Washington Blvd CHICAGO, IL 60607-1820 |
| Phone: | (312) 726-8814 |
| Fax: | (312) 226-6821 |
| Website: | https://www.cpdfcu.com |
| Branches: | 8 branch locations |
| Members: | 42,616 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2876 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $574,229,983 |
| CEO/Manager: | Scott Arney |
| Chairperson: | Harry Mays |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,012,015 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 79,304,087 |
| Unsecured Loans | 58,840,355 |
| Other Loans | 219,012,968 |
| TOTAL LOANS | 357,157,410 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,641,860 |
| Land And Building | 26,896,400 |
| Other Fixed Assets | 1,340,068 |
| NCUSIF Deposit | 4,577,423 |
| All Other Assets | 191,936 |
| TOTAL ASSETS | 574,229,983 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,537 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 4,156,233 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 75,537,996 |
| Regular shares | 250,172,895 |
| All Other Shares & Deposits | 172,769,429 |
| TOTAL SHARES & DEPOSITS | 498,480,317 |
| TOTAL LIABILITIES | 537,638,087 |
| Regular Reserve | 0 |
| Other Reserves | -8,880,468 |
| Undivided Earnings | 45,472,364 |
| TOTAL EQUITY | 36,591,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 574,229,983 |
| INCOME & EXPENSE | |
| Loan Income | 16,630,568 |
| Investment Income | 8,213,744 |
| Other Income | 2,158,060 |
| Total Employee Compensation & Benefits | 7,865,579 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,969,324 |
| Non-operating Income & (Expense) | 444,528 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,670,475 |
| Cost of Funds | 11,682,880 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,359 |
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