Dec, 31, 2023 — UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 5 branch locations and about $286.57 million in total assets. Opened 93 years ago in 1931, UNITED CREDIT UNION has about 20,028 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 4444 S Pulaski Rd CHICAGO, IL 60632-4011 |
| Phone: | (773) 376-6000 |
| Fax: | |
| Website: | https://www.unitedcreditunion.com |
| Branches: | 5 branch locations |
| Members: | 20,028 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60041 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $286,573,493 |
| CEO/Manager: | Mario Aguirre |
| Chairperson: | Phillip C Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,270,289 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,006,399 |
| Unsecured Loans | 15,674,197 |
| Other Loans | 54,473,566 |
| TOTAL LOANS | 135,154,163 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,989,000 |
| Land And Building | 790,939 |
| Other Fixed Assets | 1,944,273 |
| NCUSIF Deposit | 2,159,588 |
| All Other Assets | 0 |
| TOTAL ASSETS | 286,573,493 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,420 |
| Notes & Interest Payable | 63,000,000 |
| Accounts Payable & Other Liabilities | 3,420,843 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,379,198 |
| Regular shares | 145,153,028 |
| All Other Shares & Deposits | 32,428,622 |
| TOTAL SHARES & DEPOSITS | 211,960,848 |
| TOTAL LIABILITIES | 278,385,111 |
| Regular Reserve | 0 |
| Other Reserves | -1,491,164 |
| Undivided Earnings | 9,679,546 |
| TOTAL EQUITY | 8,188,382 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 286,573,493 |
| INCOME & EXPENSE | |
| Loan Income | 7,086,070 |
| Investment Income | 3,312,251 |
| Other Income | 1,156,734 |
| Total Employee Compensation & Benefits | 3,372,905 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,925,725 |
| Non-operating Income & (Expense) | 1,933,759 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,673,190 |
| Cost of Funds | 3,090,640 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -281,706 |
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