Jun, 30, 2024 — I B E W 26 FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 1 branch location and about $32.17 million in total assets. Opened 70 years ago in 1955, I B E W 26 FEDERAL CREDIT UNION has about 2,821 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: | https://www.ibew26fcu.com |
| Branches: | 1 branch locations |
| Members: | 2,821 |
| 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: | $32,173,502 |
| CEO/Manager: | Doreen C Cleland |
| Chairperson: | Richard J Warner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,035,124 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,291,543 |
| Unsecured Loans | 1,936,251 |
| Other Loans | 7,465,617 |
| TOTAL LOANS | 12,693,411 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,955 |
| Land And Building | 0 |
| Other Fixed Assets | 17,066 |
| NCUSIF Deposit | 294,806 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,173,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 301,036 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,114,140 |
| Regular shares | 25,160,748 |
| All Other Shares & Deposits | 1,609,168 |
| TOTAL SHARES & DEPOSITS | 29,884,056 |
| TOTAL LIABILITIES | 30,185,092 |
| Regular Reserve | 0 |
| Other Reserves | 269,437 |
| Undivided Earnings | 1,718,973 |
| TOTAL EQUITY | 1,988,410 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,173,502 |
| INCOME & EXPENSE | |
| Loan Income | 445,432 |
| Investment Income | 128,543 |
| Other Income | 238,935 |
| Total Employee Compensation & Benefits | 427,132 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 395,903 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 177 |
| Cost of Funds | 2,552 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,854 |
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