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I B E W 26 FEDERAL CREDIT UNION

Mar, 31, 2021 — I B E W 26 FEDERAL CREDIT UNION is a federal credit union headquartered in LANHAM, MD with 1 branch location and about $31.33 million in total assets. Opened 66 years ago in 1955, I B E W 26 FEDERAL CREDIT UNION has about 2,975 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:2,975
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$31,327,560
CEO/Manager:Doreen C Cleland
Chairperson:Richard J Warner

Call Report

  • Credit Builder
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,860,027
TOTAL INVESTMENTS 10,320,833
Loans Held for Sale 0
 
 Real Estate Loans 3,260,441
 Unsecured Loans 2,601,602
 Other Loans 8,476,448
 TOTAL LOANS 14,338,491
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -73,069
 Land And Building 0
 Other Fixed Assets 32,145
 NCUSIF Deposit 259,257
 All Other Assets 589,876
  TOTAL ASSETS 31,327,560
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 496,059
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,633,978
 Regular shares 24,408,545
 All Other Shares & Deposits 1,683,808
  TOTAL SHARES & DEPOSITS 28,726,331
  TOTAL LIABILITIES 29,222,390
 Regular Reserve 269,438
 Other Reserves 0
 Undivided Earnings 1,835,732
  TOTAL EQUITY 2,105,170
  TOTAL LIABILITIES, SHARES, & EQUITY 31,327,560
INCOME & EXPENSE  
 Loan Income 175,286
 Investment Income 47,314
 Other Income 78,325
 Total Employee Compensation & Benefits 142,677
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 164,202
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 822
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -6,776
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