Dec, 31, 2023 — IRVING CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, TX with 1 branch location and about $79.97 million in total assets. Opened 63 years ago in 1961, IRVING CITY EMPLOYEES FEDERAL CREDIT UNION has about 4,909 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IRVING CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1408 W Pioneer Dr IRVING, TX 75061 |
| Phone: | (972) 259-1233 |
| Fax: | (972) 254-0849 |
| Website: | https://icefcu.com |
| Branches: | 1 branch locations |
| Members: | 4,909 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24481 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $79,974,935 |
| CEO/Manager: | James K Ladner |
| Chairperson: | Dave Springob |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,586,280 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,152,551 |
| Unsecured Loans | 2,661,334 |
| Other Loans | 29,718,582 |
| TOTAL LOANS | 37,727,004 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -243,562 |
| Land And Building | 711,584 |
| Other Fixed Assets | 39,407 |
| NCUSIF Deposit | 691,927 |
| All Other Assets | 0 |
| TOTAL ASSETS | 79,974,935 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 613,885 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,788,773 |
| Regular shares | 45,811,031 |
| All Other Shares & Deposits | 9,191,226 |
| TOTAL SHARES & DEPOSITS | 70,791,030 |
| TOTAL LIABILITIES | 71,404,915 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,570,020 |
| TOTAL EQUITY | 8,570,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,974,935 |
| INCOME & EXPENSE | |
| Loan Income | 1,241,366 |
| Investment Income | 1,456,602 |
| Other Income | 183,240 |
| Total Employee Compensation & Benefits | 946,786 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 939,418 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,000 |
| Cost of Funds | 592,362 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 613,281 |
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