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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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