2024-06-25T11:15:26-04:00 2023-12-31 852834343 BD CPA GROUP 5600 N RIVER RD STE 800 ROSEMONT IL 60018 990 2023-01-01 360902923 CHICAGO MUNICIPAL EMPLOYEE'S CREDIT UNION CHIC 3122362326 18 S MICHIGAN AVE 10TH FLOOR CHICAGO IL 60603 PETER TZORTZAKIS PRESIDENT AND CEO 3122362326 2024-06-21 true PETER TZORTZAKIS XXX-XX-XXXX true BRETT DAVALLE P02376403 7737901052 2024-06-25 2023 2023-04-26 12:10:37Z PETER TZORTZAKIS SAME AS C ABOVE CHICAGO IL 60603 4006292 false X WWW.CMECUONLINE.ORG X COOPERATIVE 1926 IL ILLINOIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS 9 9 17 9 0 0 3592493 3728618 264722 277674 0 3857215 4006292 0 0 943819 961894 0 0 2776531 3692703 3720350 4654597 136865 -648305 57741757 59128347 51969625 56267463 5772132 2860884 X TO GIVE MEMBERS THE ABILITY TO CONTROL THEIR FINANCIAL DESTINY BY PROVIDING MEMBERS WITH THE MEANS TO SATISFY THEIR NEEDS FOR FINANCIAL SERVICES IN A COMFORTABLE FAMILY-LIKE ENVIRONMENT. IN DOING SO, THE CREDIT UNION STRIVES TO MAINTAIN LONG-TERM RELATIONSHIPS WITH MEMBERS. false false CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/23 WAS 2,221 FOR A TOTAL OF 38,373,802. CREDIT UNION PAYS DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. TOTAL NUMBER OF SHARE ACCOUNTS AT 12/31/23 WAS 11,934 IN THE AMOUNT OF 55,201,148. false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1102 0 true 17 true false false false false false false false false X 9 9 false false false false true true true true true false true true false true true true true true true true false X MICHAEL GIACALONE 7206773245 18 S MICHIGAN AVE CHICAGO IL 60604 PETER TZORTZAKIS PRESIDENT AN 40.00 X 116095 0 13404 DAVID BRYANT CHAIRPERSON 1.50 X X 0 0 0 EUGENE WILLIAMS VICE CHAIRPE 1.50 X X 0 0 0 BEVERLY GULLEY SECRETARY 1.00 X X 0 0 0 LANCE LEWIS TREASURER 1.50 X X 0 0 0 TRACEY LADNER DIRECTOR 1.50 X 0 0 0 PATRICIA RIOS DIRECTOR 1.50 X 0 0 0 MELANIE NEELY DIRECTOR 1.50 X 0 0 0 DAVID MCKINNEY DIRECTOR 1.50 X 0 0 0 116095 13404 1 false false false LOANS TO MEMBERS 522291 2561390 2561390 FEES & SERVICES 525990 1167228 1167228 3728618 277674 277674 4006292 3728618 277674 X 129499 562963 10514 206970 51948 16500 719075 5038 149188 610137 11700 301 125185 24791 DIVIDEND EXPENSE 826072 PROVISION FOR LOAN LOSS 684865 LOAN SERVICING 436842 LOSS ON INVESTMENTS 85642 -2633 4654597 0 0 0 570330 984108 1889112 1299495 2046497 31458733 38830552 1156764 911866 4994485 3151841 1861526 1842644 17955000 14559220 803795 700462 57741757 59128347 51132 766315 300000 51918493 55201148 51969625 56267463 X 5772132 2860884 5772132 2860884 57741757 59128347 -648305 -405780 -1857163 X X false true X true false 2229259 545439 1683820 304398 241982 62416 2460828 2364420 96408 1842644 SHARE ACCOUNTS 55201148 55201148 4006292 4006292 4006292 4654597 4654597 4654597 FORM 990 - ORGANIZATION'S MISSION TO GIVE MEMBERS THE ABILITY TO CONTROL THEIR FINANCIAL DESTINY BY PROVIDING MEMBERS WITH THE MEANS TO SATISFY THEIR NEEDS FOR FINANCIAL SERVICES IN A COMFORTABLE FAMILY-LIKE ENVIRONMENT. IN DOING SO, THE CREDIT UNION STRIVES TO MAINTAIN LONG-TERM RELATIONSHIPS WITH MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERSHIP CONSISTS OF INDIVIDUALS WITH FUNDS ON DEPOSIT WITH THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS VOTE ON VARIOUS ISSUES AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WAS REVIEWED BY THE CEO FOR COMPLETENESS AND ACCURACY PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES SIGN AN ANNUAL STATEMENT CERTIFYING THAT THEY HAVE READ, UNDERSTAND, AND AGREE WITH THE CONFLICT OF INTEREST POLICY IN ADDITION TO COMPLETING A STATEMENT OF BUSINESS AND FINANCIAL INTEREST QUESTIONNNAIRE. FORM 990, PAGE 6, PART VI, LINE 15A THE SALARY ADMINISTRATION PLAN GOVERNS POSITIONS AND SALARIES FOR ALL STAFF IN AN EFFORT TO REMAIN COMPETITIVE WITH INDUSTRY STANDARDS. MOST OF THE MINIMUM SALARIES WERE DETERMINED BASED ON TEH 75TH PERCENTILE OF CUNA'S SALARY SURVEY RESULTS. SALARIES FOR POSITIONS NOT SURVEYED BY CUNA WERE DETERMINED BASED ON BANKING INDUSTRY DATA PROVIDERS SUCH AS SALARY WIZARD AND SALARY.COM FORM 990, PAGE 6, PART VI, LINE 15B THE SALARY ADMINISTRATION PLAN GOVERNS POSITIONS AND SALARIES FOR ALL STAFF IN AN EFFORT TO REMAIN COMPETITIVE WITH INDUSTRY STANDARDS. MOST OF THE MINIMUM SALARIES WERE DETERMINED BASED ON TEH 75TH PERCENTILE OF CUNA'S SALARY SURVEY RESULTS. SALARIES FOR POSITIONS NOT SURVEYED BY CUNA WERE DETERMINED BASED ON BANKING INDUSTRY DATA PROVIDERS SUCH AS SALARY WIZARD AND SALARY.COM FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 719,075 0 0 FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.