Dec, 31, 2023 — COLLEGE AND UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $1.27 million in total assets. Opened 57 years ago in 1967, COLLEGE AND UNIVERSITY CREDIT UNION has about 340 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COLLEGE AND UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1901 W Carroll Ave Ste 200 CHICAGO, IL 60612-2401 |
| Phone: | (312) 614-4393 |
| Fax: | |
| Website: | https://cucu1600.com |
| Branches: | 1 branch locations |
| Members: | 340 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60688 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,268,475 |
| CEO/Manager: | Kevin Barrett |
| Chairperson: | Anthony Johnston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 395,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 118,330 |
| Other Loans | 72,951 |
| TOTAL LOANS | 191,281 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,301 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 11,046 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,268,475 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,132,507 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,132,507 |
| TOTAL LIABILITIES | 1,132,507 |
| Regular Reserve | 0 |
| Other Reserves | 34,464 |
| Undivided Earnings | 101,504 |
| TOTAL EQUITY | 135,968 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,268,475 |
| INCOME & EXPENSE | |
| Loan Income | 18,279 |
| Investment Income | 27,804 |
| Other Income | 99 |
| Total Employee Compensation & Benefits | 20,295 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,029 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,110 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,665 |
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