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LOCAL 265 IBEW FEDERAL CREDIT UNION

Dec, 31, 2023 — LOCAL 265 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 1 branch location and about $3.74 million in total assets. Opened 61 years ago in 1963, LOCAL 265 IBEW FEDERAL CREDIT UNION has about 1,015 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LOCAL 265 IBEW FEDERAL CREDIT UNION
Address:
(Main Office)
1409 Old Farm Rd
LINCOLN, NE 68512-1805
Phone:(402) 423-4494
Fax:(402) 423-4506
Website:https://itsme247.com/886/authentica
Branches:1 branch locations
Members:1,015
Credit Union Type:Federal Credit Union
Charter Number:15522
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1963
Last Audited:Jul 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$3,735,713
CEO/Manager:Rebecca Burbach
Chairperson:Justin Petty

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 331,759
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 27,686
 Other Loans 3,210,020
 TOTAL LOANS 3,237,706
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,422
 Land And Building 0
 Other Fixed Assets 31,105
 NCUSIF Deposit 33,274
 All Other Assets 0
  TOTAL ASSETS 3,735,713
LIABILITIES & CAPITAL:  
 Dividends Payable 505
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 251,186
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,928,432
 All Other Shares & Deposits 207,000
  TOTAL SHARES & DEPOSITS 3,135,433
  TOTAL LIABILITIES 3,387,124
 Regular Reserve 0
 Other Reserves 59,090
 Undivided Earnings 289,499
  TOTAL EQUITY 348,589
  TOTAL LIABILITIES, SHARES, & EQUITY 3,735,713
INCOME & EXPENSE  
 Loan Income 126,122
 Investment Income 5,367
 Other Income 8,665
 Total Employee Compensation & Benefits 72,061
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 50,201
 Non-operating Income & (Expense) -10,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,466
 Cost of Funds 2,774
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -17,348
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