Dec, 31, 2023 — ELECTRICIANS' LOCAL 349 CREDIT UNION is a federally insured state chartered credit union headquartered in MIAMI, FL with 1 branch location and about $5.16 million in total assets. Opened 77 years ago in 1947, ELECTRICIANS' LOCAL 349 CREDIT UNION has about 681 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: | ELECTRICIANS' LOCAL 349 CREDIT UNION |
|---|---|
| Address: (Main Office) | 1657 NW 17th Ave MIAMI, FL 33125 |
| Phone: | (305) 325-0511 |
| Fax: | (305) 326-1342 |
| Website: | https://www.local349cu.org |
| Branches: | 1 branch locations |
| Members: | 681 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67338 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,163,030 |
| CEO/Manager: | Angela L Wright |
| Chairperson: | Arthur Sweeney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 627,992 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 170,676 |
| Other Loans | 1,219,748 |
| TOTAL LOANS | 1,390,424 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,573 |
| Land And Building | 0 |
| Other Fixed Assets | 8,463 |
| NCUSIF Deposit | 38,251 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,163,030 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 532 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,471 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 202,257 |
| Regular shares | 4,060,406 |
| All Other Shares & Deposits | 10,710 |
| TOTAL SHARES & DEPOSITS | 4,273,373 |
| TOTAL LIABILITIES | 4,334,376 |
| Regular Reserve | 0 |
| Other Reserves | 331,379 |
| Undivided Earnings | 497,275 |
| TOTAL EQUITY | 828,654 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,163,030 |
| INCOME & EXPENSE | |
| Loan Income | 83,607 |
| Investment Income | 140,010 |
| Other Income | 13,292 |
| Total Employee Compensation & Benefits | 77,116 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,927 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,034 |
| Cost of Funds | 2,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 65,022 |
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