Dec, 31, 2021 — IBEW 76 FEDERAL CREDIT UNION is a federal credit union headquartered in TACOMA, WA with 1 branch location and about $27.28 million in total assets. Opened 65 years ago in 1957, IBEW 76 FEDERAL CREDIT UNION has about 1,351 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 76 FEDERAL CREDIT UNION |
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Address: (Main Office) | 3049 S 36th St TACOMA, WA 98409 |
Phone: | (253) 475-6661 |
Fax: | (253) 475-0649 |
Website: | http://ibew76fcu.org |
Branches: | 1 branch locations |
Members: | 1,351 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11949 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $27,278,264 |
CEO/Manager: | Sheila Zink |
Chairperson: | David S Wellman |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,691,501 |
TOTAL INVESTMENTS | 9,385,403 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,981,284 |
Unsecured Loans | 909,902 |
Other Loans | 8,832,631 |
TOTAL LOANS | 14,723,817 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,934 |
Land And Building | 0 |
Other Fixed Assets | 19,710 |
NCUSIF Deposit | 217,698 |
All Other Assets | 311,069 |
TOTAL ASSETS | 27,278,264 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 265,043 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,875,333 |
Regular shares | 17,515,815 |
All Other Shares & Deposits | 3,971,919 |
TOTAL SHARES & DEPOSITS | 23,363,067 |
TOTAL LIABILITIES | 23,628,110 |
Regular Reserve | 349,297 |
Other Reserves | 0 |
Undivided Earnings | 3,300,857 |
TOTAL EQUITY | 3,650,154 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,278,264 |
INCOME & EXPENSE | |
Loan Income | 546,422 |
Investment Income | 100,089 |
Other Income | 40,464 |
Total Employee Compensation & Benefits | 410,256 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 316,652 |
Non-operating Income & (Expense) | -1,282 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,866 |
Cost of Funds | 45,075 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,733 |
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