Dec, 31, 2023 — U. S. EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 2 branch locations and about $99.02 million in total assets. Opened 71 years ago in 1953, U. S. EMPLOYEES CREDIT UNION has about 7,107 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | U. S. EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 230 S Dearborn St Ste 2962 CHICAGO, IL 60604-1592 |
| Phone: | (312) 922-5310 |
| Fax: | (312) 922-8609 |
| Website: | https://myusecu.org |
| Branches: | 2 branch locations |
| Members: | 7,107 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61793 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $99,023,064 |
| CEO/Manager: | Eric W Stiegel |
| Chairperson: | Paul E Durbak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,344,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,634,428 |
| Unsecured Loans | 4,533,341 |
| Other Loans | 14,848,811 |
| TOTAL LOANS | 31,016,580 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -575,337 |
| Land And Building | 0 |
| Other Fixed Assets | 60,746 |
| NCUSIF Deposit | 854,468 |
| All Other Assets | 80,159 |
| TOTAL ASSETS | 99,023,064 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 404,483 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,062,975 |
| Regular shares | 32,435,883 |
| All Other Shares & Deposits | 33,053,453 |
| TOTAL SHARES & DEPOSITS | 87,552,311 |
| TOTAL LIABILITIES | 87,956,794 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,066,270 |
| TOTAL EQUITY | 11,066,270 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,023,064 |
| INCOME & EXPENSE | |
| Loan Income | 2,008,146 |
| Investment Income | 1,012,816 |
| Other Income | 1,047,566 |
| Total Employee Compensation & Benefits | 2,238,488 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,858,075 |
| Non-operating Income & (Expense) | -10,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 108,487 |
| Cost of Funds | 237,886 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 364,832 |
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