Sep, 30, 2025 — ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION is a federal credit union headquartered in SHEFFIELD, AL with 1 branch location and about $45.24 million in total assets. Opened 68 years ago in 1958, ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION has about 2,631 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: | ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1705 E 17th St SHEFFIELD, AL 35660-2517 |
| Phone: | (256) 383-6551 |
| Fax: | (256) 383-6556 |
| Website: | https://www.ew558fcu.com |
| Branches: | 1 branch locations |
| Members: | 2,631 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12478 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,240,249 |
| CEO/Manager: | VICKI M MORRIS |
| Chairperson: | Hayes A Rutledge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,134,566 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,955,992 |
| Unsecured Loans | 833,811 |
| Other Loans | 21,141,653 |
| TOTAL LOANS | 23,931,456 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,620 |
| Land And Building | 475,611 |
| Other Fixed Assets | 13,388 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 316,702 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,240,249 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 74,005 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 158,861 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 14,606,469 |
| All Other Shares & Deposits | 21,638,973 |
| TOTAL SHARES & DEPOSITS | 36,245,442 |
| TOTAL LIABILITIES | 36,482,103 |
| Regular Reserve | 0 |
| Other Reserves | 421,750 |
| Undivided Earnings | 8,336,396 |
| TOTAL EQUITY | 8,758,146 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,240,249 |
| INCOME & EXPENSE | |
| Loan Income | 1,223,129 |
| Investment Income | 664,269 |
| Other Income | 1,664 |
| Total Employee Compensation & Benefits | 343,301 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 144,254 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,000 |
| Cost of Funds | 595,282 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 799,034 |
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