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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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