Dec, 31, 2023 — I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $13.60 million in total assets. Opened 50 years ago in 1974, I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION has about 1,438 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION |
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Address: (Main Office) | 5 Hot Metal St Ste 201 PITTSBURGH, PA 15203-2351 |
Phone: | (412) 432-1152 |
Fax: | (412) 431-4659 |
Website: | https://ibew5.virtualcu.net |
Branches: | 1 branch locations |
Members: | 1,438 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21782 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,601,143 |
CEO/Manager: | Kathleen Saffer |
Chairperson: | Michael J Berta |
ASSETS: | $ Amount |
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Cash & Equivalents | 310,845 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,745,636 |
Unsecured Loans | 321,501 |
Other Loans | 5,078,037 |
TOTAL LOANS | 7,145,174 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,984 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 119,162 |
All Other Assets | 0 |
TOTAL ASSETS | 13,601,143 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,100,000 |
Accounts Payable & Other Liabilities | 60 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 10,467,879 |
All Other Shares & Deposits | 270,331 |
TOTAL SHARES & DEPOSITS | 10,738,210 |
TOTAL LIABILITIES | 11,838,270 |
Regular Reserve | 0 |
Other Reserves | 105,222 |
Undivided Earnings | 1,657,651 |
TOTAL EQUITY | 1,762,873 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,601,143 |
INCOME & EXPENSE | |
Loan Income | 282,594 |
Investment Income | 162,336 |
Other Income | 3,156 |
Total Employee Compensation & Benefits | 103,875 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 98,830 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 95,217 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 159,204 |
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