2. Chicago Fire Officers' Association Credit Union

Chicago Fire Officers' Association Credit Union


Overview / Commentary
www.cfoacu.org
773-445-1700
10231 S Western Ave Fl 2
Chicago, IL 60643-1917

Chicago Fire Officers' Association Credit Union is headquartered in Chicago and is the 147th largest credit union in the state of Illinois. It is also the 4,028th largest credit union in the nation. It was established in 1957 and as of June of 2019, it had grown to 3 employees and 1,040 members at 2 locations. Chicago Fire Officers' Association Credit Union's savings rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Chicago Fire Officers Association Credit Union is open to all uniformed members of the Chicago Fire Department.
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Health
B

Data as of Q2 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Chicago Fire Officers' Association Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #61560
Year Chartered1957
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD2.5%
Annual Interest Income$243.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$10.1MM$10.2MM
LoansQ2 2019vs Q2 2018$4.0MM$4.1MM
DepositsQ2 2019vs Q2 2018$8.5MM$8.7MM
Equity CapitalQ2 2019vs Q2 2018$1.5MM$1.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$94.00K$73.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$19.00K$30.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chicago Fire Officers' Association Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$25k*-Share Account
OTHER TIERS: 0.25% → $500 - $2k | 0.50% → $2k - $5k | 0.75% → $5k - $25k
Locations


Chicago Fire Officers' Association Credit Union Locations
Branch Office2453 S Archer AveChicago, IL 60616
Branch Office10231 S Western Ave Fl 2Chicago, IL 60643-1917

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