Dec, 31, 2023 — I B E W LOCAL 56 FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $10.81 million in total assets. Opened 63 years ago in 1961, I B E W LOCAL 56 FEDERAL CREDIT UNION has about 1,614 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I B E W LOCAL 56 FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 962 W 20TH ST ERIE, PA 16502-2401 |
Phone: | (814) 455-2270 |
Fax: | (814) 455-4307 |
Website: | https://ibew56fcu.org |
Branches: | 1 branch locations |
Members: | 1,614 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14247 |
---|---|
Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,809,466 |
CEO/Manager: | Charlene M Hedderick |
Chairperson: | Christian M Kossbiel |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,081,518 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,037,176 |
Unsecured Loans | 229,578 |
Other Loans | 3,499,489 |
TOTAL LOANS | 4,766,243 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,483 |
Land And Building | 17,849 |
Other Fixed Assets | 12,913 |
NCUSIF Deposit | 105,333 |
All Other Assets | 0 |
TOTAL ASSETS | 10,809,466 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,107 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,680 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,348,380 |
Regular shares | 7,281,698 |
All Other Shares & Deposits | 1,154,318 |
TOTAL SHARES & DEPOSITS | 9,784,396 |
TOTAL LIABILITIES | 9,807,183 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,002,283 |
TOTAL EQUITY | 1,002,283 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,809,466 |
INCOME & EXPENSE | |
Loan Income | 237,284 |
Investment Income | 178,761 |
Other Income | 32,222 |
Total Employee Compensation & Benefits | 113,378 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 163,208 |
Non-operating Income & (Expense) | 3,720 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,744 |
Cost of Funds | 20,145 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 131,561 |
↑ Back to Top |