Dec, 31, 2023 — IBEW & UNITED WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 1 branch location and about $110.62 million in total assets. Opened 70 years ago in 1954, IBEW & UNITED WORKERS FEDERAL CREDIT UNION has about 14,231 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IBEW & UNITED WORKERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9955 SE Washington St PORTLAND, OR 97216 |
| Phone: | (503) 253-8193 |
| Fax: | (503) 253-4773 |
| Website: | https://www.ibewuwfcu.com |
| Branches: | 1 branch locations |
| Members: | 14,231 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9483 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,620,124 |
| CEO/Manager: | Barbara J Mathey |
| Chairperson: | Scott Zadow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,060,651 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,106,813 |
| Unsecured Loans | 5,387,912 |
| Other Loans | 57,413,687 |
| TOTAL LOANS | 75,908,412 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -306,031 |
| Land And Building | 2,636,345 |
| Other Fixed Assets | 93,671 |
| NCUSIF Deposit | 835,843 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,620,124 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,192 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 116,002 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,761,488 |
| Regular shares | 47,550,278 |
| All Other Shares & Deposits | 18,531,382 |
| TOTAL SHARES & DEPOSITS | 99,843,148 |
| TOTAL LIABILITIES | 99,970,554 |
| Regular Reserve | 0 |
| Other Reserves | 1,421,677 |
| Undivided Earnings | 9,227,893 |
| TOTAL EQUITY | 10,649,570 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,620,124 |
| INCOME & EXPENSE | |
| Loan Income | 3,848,233 |
| Investment Income | 1,261,453 |
| Other Income | 926,060 |
| Total Employee Compensation & Benefits | 1,958,842 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,000,550 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 155,805 |
| Cost of Funds | 114,147 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,068,172 |
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