Dec, 31, 2023 — ILA 28 FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $9.10 million in total assets. Opened 54 years ago in 1970, ILA 28 FEDERAL CREDIT UNION has about 1,064 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ILA 28 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4100-A GREENSHADOW DR PASADENA, TX 77503 |
| Phone: | (281) 476-9388 |
| Fax: | (281) 476-9488 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,064 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19983 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,103,253 |
| CEO/Manager: | KIMBERLY E BROWN |
| Chairperson: | Timothy Harris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,277,021 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 597,784 |
| Other Loans | 5,765,086 |
| TOTAL LOANS | 6,362,871 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 74,032 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,103,253 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,242 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,126,199 |
| All Other Shares & Deposits | 1,888,324 |
| TOTAL SHARES & DEPOSITS | 7,014,523 |
| TOTAL LIABILITIES | 7,027,765 |
| Regular Reserve | 0 |
| Other Reserves | 63,368 |
| Undivided Earnings | 2,012,120 |
| TOTAL EQUITY | 2,075,488 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,103,253 |
| INCOME & EXPENSE | |
| Loan Income | 358,794 |
| Investment Income | 90,507 |
| Other Income | 8,619 |
| Total Employee Compensation & Benefits | 212,013 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 93,413 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3 |
| Cost of Funds | 83,790 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 69,241 |
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