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National Credit Union Service Organization

PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION

Dec, 31, 2023 — PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION is a federal credit union headquartered in NORFOLK, VA with 1 branch location and about $7.81 million in total assets. Opened 49 years ago in 1975, PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION has about 1,552 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:PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION
Address:
(Main Office)
1355 International Terminal Blvd
NORFOLK, VA 23505
Phone:(757) 423-2185
Fax:(757) 423-2037
Website:https://www.ilafcu.org
Branches:1 branch locations
Members:1,552
Credit Union Type:Federal Credit Union
Charter Number:22049
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1975
Last Audited:Jan 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$7,809,971
CEO/Manager:Rhonda McCoy
Chairperson:James White

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 744,099
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 972,037
 Other Loans 2,086,322
 TOTAL LOANS 3,058,359
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,706
 Land And Building 0
 Other Fixed Assets 3,862
 NCUSIF Deposit 74,929
 All Other Assets 0
  TOTAL ASSETS 7,809,971
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,001
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 436,361
 Regular shares 6,639,222
 All Other Shares & Deposits 122,155
  TOTAL SHARES & DEPOSITS 7,197,740
  TOTAL LIABILITIES 7,211,741
 Regular Reserve 0
 Other Reserves 310,923
 Undivided Earnings 287,307
  TOTAL EQUITY 598,230
  TOTAL LIABILITIES, SHARES, & EQUITY 7,809,971
INCOME & EXPENSE  
 Loan Income 271,322
 Investment Income 114,633
 Other Income 70,914
 Total Employee Compensation & Benefits 222,491
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 268,036
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -25,000
 Cost of Funds 3,512
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,291
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