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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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