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LOCAL 606 ELECTRICAL WORKERS FEDERAL CREDIT UNION

Dec, 31, 2023 — LOCAL 606 ELECTRICAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in ORLANDO, FL with 1 branch location and about $5.89 million in total assets. Opened 59 years ago in 1965, LOCAL 606 ELECTRICAL WORKERS FEDERAL CREDIT UNION has about 408 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 263181342
Name:LOCAL 606 ELECTRICAL WORKERS FEDERAL CREDIT UNION
Address:
(Main Office)
820 VIRGINIA DR
ORLANDO, FL 32803-2530
Phone:(407) 896-4733
Fax:(407) 897-7274
Website:https://www.local606fcu.org
Branches:1 branch locations
Members:408
Credit Union Type:Federal Credit Union
Charter Number:16979
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1965
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$5,885,602
CEO/Manager:JANICE D SULLIVAN
Chairperson:JAMES M SULLIVAN, JR

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 540,562
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 192,518
 Unsecured Loans 26,243
 Other Loans 1,033,286
 TOTAL LOANS 1,252,047
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,209
 Land And Building 0
 Other Fixed Assets 2,339
 NCUSIF Deposit 50,227
 All Other Assets 0
  TOTAL ASSETS 5,885,602
LIABILITIES & CAPITAL:  
 Dividends Payable 1,154
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,172
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,215
 Regular shares 3,411,636
 All Other Shares & Deposits 1,157,256
  TOTAL SHARES & DEPOSITS 4,588,106
  TOTAL LIABILITIES 4,597,432
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,288,170
  TOTAL EQUITY 1,288,170
  TOTAL LIABILITIES, SHARES, & EQUITY 5,885,602
INCOME & EXPENSE  
 Loan Income 63,384
 Investment Income 115,507
 Other Income 5,335
 Total Employee Compensation & Benefits 96,168
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 59,811
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,600
 Cost of Funds 12,901
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -6,243
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