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I B E W 26 FEDERAL CREDIT UNION

Mar, 31, 2022 — I B E W 26 FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 1 branch location and about $32.18 million in total assets. Opened 67 years ago in 1955, I B E W 26 FEDERAL CREDIT UNION has about 2,867 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:I B E W 26 FEDERAL CREDIT UNION
Address:
(Main Office)
4371 Parliament Pl Ste C
LANHAM, MD 20706
Phone:(301) 306-0610
Fax:(301) 306-0746
Website:http://www.ibew26fcu.com
Branches:1 branch locations
Members:2,867
Credit Union Type:Federal Credit Union
Charter Number:10323
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,177,356
CEO/Manager:Doreen C Cleland
Chairperson:Richard J Warner

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,394,054
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,607,473
 Unsecured Loans 2,061,213
 Other Loans 8,209,494
 TOTAL LOANS 13,878,180
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -63,602
 Land And Building 0
 Other Fixed Assets 23,511
 NCUSIF Deposit 273,906
 All Other Assets 0
  TOTAL ASSETS 32,177,356
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 425,797
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,089,958
 Regular shares 25,113,693
 All Other Shares & Deposits 1,580,532
  TOTAL SHARES & DEPOSITS 29,784,183
  TOTAL LIABILITIES 30,209,980
 Regular Reserve 0
 Other Reserves 269,437
 Undivided Earnings 1,697,939
  TOTAL EQUITY 1,967,376
  TOTAL LIABILITIES, SHARES, & EQUITY 32,177,356
INCOME & EXPENSE  
 Loan Income 147,555
 Investment Income 32,707
 Other Income 77,018
 Total Employee Compensation & Benefits 144,414
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 136,316
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,605
 Cost of Funds 832
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -33,887
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