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National Credit Union Service Organization

ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION

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

Call Report

  • Micro Consumer Loans
  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
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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