Mar, 31, 2021 — ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION is a federal credit union headquartered in SHEFFIELD, AL with 1 branch location and about $31.83 million in total assets. Opened 63 years ago in 1958, ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION has about 2,643 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) | P.O. BOX 806 SHEFFIELD, AL 35660-0806 |
| Phone: | (256) 383-6551 |
| Fax: | (256) 383-6556 |
| Website: | http://www.ew558fcu.com |
| Branches: | 1 branch locations |
| Members: | 2,643 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,831,743 |
| CEO/Manager: | VICKI M MORRIS |
| Chairperson: | Hayes A Rutledge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,773,569 |
| TOTAL INVESTMENTS | 10,794,052 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,449,179 |
| Unsecured Loans | 745,778 |
| Other Loans | 16,342,547 |
| TOTAL LOANS | 18,537,504 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -114,787 |
| Land And Building | 533,813 |
| Other Fixed Assets | 14,558 |
| NCUSIF Deposit | 232,492 |
| All Other Assets | 60,542 |
| TOTAL ASSETS | 31,831,743 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,484 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,981 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 16,083,672 |
| All Other Shares & Deposits | 9,772,337 |
| TOTAL SHARES & DEPOSITS | 25,856,009 |
| TOTAL LIABILITIES | 25,994,474 |
| Regular Reserve | 421,750 |
| Other Reserves | 0 |
| Undivided Earnings | 5,415,519 |
| TOTAL EQUITY | 5,837,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,831,743 |
| INCOME & EXPENSE | |
| Loan Income | 222,148 |
| Investment Income | 6,992 |
| Other Income | 27 |
| Total Employee Compensation & Benefits | 97,510 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 40,326 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 44,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,438 |
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