Dec, 31, 2023 — MWRD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 2 branch locations and about $37.54 million in total assets. Opened 71 years ago in 1953, MWRD EMPLOYEES CREDIT UNION has about 2,181 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MWRD EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 100 E Erie St CHICAGO, IL 60611-2829 |
Phone: | (312) 751-3111 |
Fax: | (312) 751-6125 |
Website: | https://mwrdecu.org |
Branches: | 2 branch locations |
Members: | 2,181 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65843 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,539,581 |
CEO/Manager: | Linda S Geers |
Chairperson: | Keri Steele |
ASSETS: | $ Amount |
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Cash & Equivalents | 615,330 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,182,229 |
Unsecured Loans | 2,889,727 |
Other Loans | 9,649,967 |
TOTAL LOANS | 22,721,923 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -347,978 |
Land And Building | 0 |
Other Fixed Assets | 8,178 |
NCUSIF Deposit | 356,102 |
All Other Assets | 0 |
TOTAL ASSETS | 37,539,581 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 343 |
Notes & Interest Payable | 117,571 |
Accounts Payable & Other Liabilities | 176,966 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,799,474 |
Regular shares | 27,151,497 |
All Other Shares & Deposits | 3,048,101 |
TOTAL SHARES & DEPOSITS | 31,999,073 |
TOTAL LIABILITIES | 32,293,953 |
Regular Reserve | 0 |
Other Reserves | -83,603 |
Undivided Earnings | 5,329,231 |
TOTAL EQUITY | 5,245,628 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,539,581 |
INCOME & EXPENSE | |
Loan Income | 1,093,448 |
Investment Income | 375,276 |
Other Income | 91,771 |
Total Employee Compensation & Benefits | 710,390 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 563,356 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,628 |
Cost of Funds | 79,473 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 184,426 |
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