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INTERNATIONAL UAW FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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