Dec, 31, 2020 — I B E W 26 FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 1 branch location and about $30.16 million in total assets. Opened 66 years ago in 1955, I B E W 26 FEDERAL CREDIT UNION has about 3,009 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 |
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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: | 3,009 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10323 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,156,964 |
CEO/Manager: | Doreen C Cleland |
Chairperson: | George C Hogan |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,184,482 |
TOTAL INVESTMENTS | 11,584,255 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,357,559 |
Unsecured Loans | 2,222,443 |
Other Loans | 9,005,161 |
TOTAL LOANS | 14,585,163 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,074 |
Land And Building | 0 |
Other Fixed Assets | 34,410 |
NCUSIF Deposit | 259,257 |
All Other Assets | 575,471 |
TOTAL ASSETS | 30,156,964 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 448,572 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,511,920 |
Regular shares | 23,409,617 |
All Other Shares & Deposits | 1,674,907 |
TOTAL SHARES & DEPOSITS | 27,596,444 |
TOTAL LIABILITIES | 28,045,016 |
Regular Reserve | 269,438 |
Other Reserves | 0 |
Undivided Earnings | 1,842,510 |
TOTAL EQUITY | 2,111,948 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,156,964 |
INCOME & EXPENSE | |
Loan Income | 706,877 |
Investment Income | 280,365 |
Other Income | 332,131 |
Total Employee Compensation & Benefits | 596,517 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 678,253 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,657 |
Cost of Funds | 16,085 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,861 |
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