Dec, 31, 2023 — CORPORATE AMERICA FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in ELGIN, IL with 20 branch locations and about $859.90 million in total assets. Opened 48 years ago in 1976, CORPORATE AMERICA FAMILY CREDIT UNION has about 68,212 members and employs 229 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CORPORATE AMERICA FAMILY CREDIT UNION |
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Address: (Main Office) | 2075 Big Timber Rd ELGIN, IL 60123-1140 |
Phone: | (800) 359-1939 |
Fax: | (847) 697-1987 |
Website: | https://www.cafcu.org |
Branches: | 20 branch locations |
Members: | 68,212 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68215 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $859,903,914 |
CEO/Manager: | Dan Kadolph |
Chairperson: | Thomas Rieck |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,880,310 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 266,956,748 |
Unsecured Loans | 28,687,857 |
Other Loans | 322,574,643 |
TOTAL LOANS | 618,219,248 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,931,000 |
Land And Building | 3,236,567 |
Other Fixed Assets | 1,557,404 |
NCUSIF Deposit | 5,593,398 |
All Other Assets | 0 |
TOTAL ASSETS | 859,903,914 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 167,000,000 |
Accounts Payable & Other Liabilities | 6,577,740 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 112,921,149 |
Regular shares | 171,963,959 |
All Other Shares & Deposits | 306,762,296 |
TOTAL SHARES & DEPOSITS | 591,647,403 |
TOTAL LIABILITIES | 765,225,143 |
Regular Reserve | 0 |
Other Reserves | -9,765,074 |
Undivided Earnings | 104,443,845 |
TOTAL EQUITY | 94,678,771 |
TOTAL LIABILITIES, SHARES, & EQUITY | 859,903,914 |
INCOME & EXPENSE | |
Loan Income | 29,377,334 |
Investment Income | 8,031,637 |
Other Income | 7,465,807 |
Total Employee Compensation & Benefits | 19,346,681 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,458,670 |
Non-operating Income & (Expense) | 2,208 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,130,157 |
Cost of Funds | 12,383,314 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,279,851 |
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