$51.6M
total assets, March 31, 2002
Universal Federal Savings Bank was a savings bank in Chicago, IL. It failed on Jun 27, 2002, and Chicago Community Bank took over its deposits. At its last report it held $51.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2002
This bank failed
- Failed on
- Jun 27, 2002
- Assets
- $51.6M
- Deposits
- $40.3M
- Estimated cost
- $274K
- Deposits went to
- Chicago Community Bank, Chicago, IL
Total assets
$51.6M
+11.4% in a year · +1.4% in a quarter
Deposits
$40.3M
+6.7% in a year · +1.4% in a quarter
Loans
$43.0M
+14.4% in a year · +1.4% in a quarter
Profit so far
$96K
Jan 1 to Mar 31, 2002 · +380.0% in a year
Capital ratio
10.29%
-0.57 pts in a year
Return on assets
0.75%
+0.57 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1800 S Halsted St, Chicago, IL, 60608
- County
- Cook
- Established
- Jan 1, 1923
- Failed
- Jun 28, 2002
- Employees
- 15
- Branches
- 1
- Id
- b29355
Quarter by quarter
March 31, 1984 to March 31, 2002
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Universal Federal Savings Bank?
$51.6 million in total assets and $40.3 million in deposits as of March 31, 2002, with assets up 11.4% from a year before. Its loans were $43.0 million.
How many branches does Universal Federal Savings Bank have?
1 branch in Illinois as of June 30, 2026.
Is Universal Federal Savings Bank profitable?
Yes: it earned $96,000 from January 1 to March 31, 2002 (up 380.0% from the same months a year before). Its return on assets was 0.75% a year; about 1% is typical.
When did Universal Federal Savings Bank fail?
Jun 27, 2002. Chicago Community Bank of Chicago, IL took over its deposits. The estimated cost of the failure was $274,452.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.