Dec, 31, 2023 — INTERNATIONAL UAW FEDERAL CREDIT UNION is a federal credit union headquartered in DETROIT, MI with 1 branch location and about $22.92 million in total assets. Opened 80 years ago in 1944, INTERNATIONAL UAW FEDERAL CREDIT UNION has about 1,974 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: | INTERNATIONAL UAW FEDERAL CREDIT UNION |
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Address: (Main Office) | 8000 E Jefferson Ave DETROIT, MI 48214-3963 |
Phone: | (313) 926-5281 |
Fax: | (313) 926-5253 |
Website: | https://www.iuawfcu.com |
Branches: | 1 branch locations |
Members: | 1,974 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5123 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1944 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,924,140 |
CEO/Manager: | Fabian A Ellis |
Chairperson: | John T Rucker |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,198,341 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,536,680 |
Unsecured Loans | 1,941,746 |
Other Loans | 4,083,347 |
TOTAL LOANS | 9,561,773 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,688 |
Land And Building | 0 |
Other Fixed Assets | 6,104 |
NCUSIF Deposit | 202,884 |
All Other Assets | 34,709 |
TOTAL ASSETS | 22,924,140 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,876 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 398,767 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,140,059 |
Regular shares | 8,468,220 |
All Other Shares & Deposits | 6,636,471 |
TOTAL SHARES & DEPOSITS | 19,244,750 |
TOTAL LIABILITIES | 19,645,393 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,278,747 |
TOTAL EQUITY | 3,278,747 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,924,140 |
INCOME & EXPENSE | |
Loan Income | 482,072 |
Investment Income | 472,524 |
Other Income | 71,339 |
Total Employee Compensation & Benefits | 277,920 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 413,508 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,481 |
Cost of Funds | 65,282 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 222,816 |
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