Dec, 31, 2023 — IBEW 76 FEDERAL CREDIT UNION is a federal credit union headquartered in TACOMA, WA with 1 branch location and about $25.98 million in total assets. Opened 67 years ago in 1957, IBEW 76 FEDERAL CREDIT UNION has about 1,353 members and employs 3 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 76 FEDERAL CREDIT UNION |
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Address: (Main Office) | 3049 S 36th St TACOMA, WA 98409 |
Phone: | (253) 475-6661 |
Fax: | (253) 475-0649 |
Website: | https://ibew76fcu.org |
Branches: | 1 branch locations |
Members: | 1,353 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11949 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,976,228 |
CEO/Manager: | Sheila Augustine |
Chairperson: | Michael R Church |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,892,974 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,394,163 |
Unsecured Loans | 1,190,293 |
Other Loans | 7,831,026 |
TOTAL LOANS | 17,415,482 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,499 |
Land And Building | 0 |
Other Fixed Assets | 5,156 |
NCUSIF Deposit | 221,552 |
All Other Assets | 0 |
TOTAL ASSETS | 25,976,228 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,000,000 |
Accounts Payable & Other Liabilities | 93,601 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,793,358 |
Regular shares | 13,725,895 |
All Other Shares & Deposits | 5,612,879 |
TOTAL SHARES & DEPOSITS | 21,132,133 |
TOTAL LIABILITIES | 22,225,734 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,750,494 |
TOTAL EQUITY | 3,750,494 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,976,228 |
INCOME & EXPENSE | |
Loan Income | 734,246 |
Investment Income | 215,201 |
Other Income | 18,438 |
Total Employee Compensation & Benefits | 411,483 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 394,594 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,823 |
Cost of Funds | 58,964 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 114,047 |
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