Dec, 31, 2023 — I.B.E.W. LOCAL #681 CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $779,166 in total assets. Opened 66 years ago in 1958, I.B.E.W. LOCAL #681 CREDIT UNION has about 341 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I.B.E.W. LOCAL #681 CREDIT UNION |
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Address: (Main Office) | 6111 Old Jacksboro Hwy WICHITA FALLS, TX 76302-5503 |
Phone: | (940) 723-1277 |
Fax: | (940) 723-9301 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 341 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61021 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $779,166 |
CEO/Manager: | Crystal Gilley |
Chairperson: | Matt Wachsmann |
ASSETS: | $ Amount |
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Cash & Equivalents | 143,827 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 60,293 |
Other Loans | 417,284 |
TOTAL LOANS | 477,577 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,105 |
Land And Building | 0 |
Other Fixed Assets | 793 |
NCUSIF Deposit | 6,228 |
All Other Assets | 0 |
TOTAL ASSETS | 779,166 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 185 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 714,083 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 714,083 |
TOTAL LIABILITIES | 714,268 |
Regular Reserve | 0 |
Other Reserves | 64,020 |
Undivided Earnings | 878 |
TOTAL EQUITY | 64,898 |
TOTAL LIABILITIES, SHARES, & EQUITY | 779,166 |
INCOME & EXPENSE | |
Loan Income | 28,680 |
Investment Income | 4,327 |
Other Income | 1,662 |
Total Employee Compensation & Benefits | 20,800 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,956 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,341 |
Cost of Funds | 931 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -28,359 |
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