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IBEW 317 FEDERAL CREDIT UNION

Dec, 31, 2023 — IBEW 317 FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $29.00 million in total assets. Opened 64 years ago in 1960, IBEW 317 FEDERAL CREDIT UNION has about 1,313 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:IBEW 317 FEDERAL CREDIT UNION
Address:
(Main Office)
1848 Madison Ave Ste B
HUNTINGTON, WV 25704
Phone:(304) 522-4871
Fax:(304) 781-2656
Website:https://ibew317fcu.com
Branches:1 branch locations
Members:1,313
Credit Union Type:Federal Credit Union
Charter Number:14030
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$29,003,022
CEO/Manager:Codi E Day
Chairperson:Ryan Adkins

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,455,479
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,695,509
 Unsecured Loans 773,118
 Other Loans 5,417,000
 TOTAL LOANS 12,336,001
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -448,520
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 253,751
 All Other Assets 0
  TOTAL ASSETS 29,003,022
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 35,496
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,629,534
 Regular shares 10,795,975
 All Other Shares & Deposits 13,733,149
  TOTAL SHARES & DEPOSITS 26,158,658
  TOTAL LIABILITIES 26,194,154
 Regular Reserve 0
 Other Reserves 560,000
 Undivided Earnings 2,248,868
  TOTAL EQUITY 2,808,868
  TOTAL LIABILITIES, SHARES, & EQUITY 29,003,022
INCOME & EXPENSE  
 Loan Income 572,370
 Investment Income 357,000
 Other Income 26,677
 Total Employee Compensation & Benefits 248,218
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 206,247
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 17,354
 Cost of Funds 290,481
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 193,747
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