Dec, 31, 2020 — ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION is a federal credit union headquartered in SHEFFIELD, AL with 1 branch location and about $30.56 million in total assets. Opened 63 years ago in 1958, ELECTRICAL WORKERS NO 558 FEDERAL CREDIT UNION has about 2,640 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 |
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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: | 2,640 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12478 |
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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: | $30,563,578 |
CEO/Manager: | VICKI M MORRIS |
Chairperson: | Hayes A Rutledge |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,256,265 |
TOTAL INVESTMENTS | 9,799,018 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,369,031 |
Unsecured Loans | 818,228 |
Other Loans | 16,640,204 |
TOTAL LOANS | 18,827,463 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,596 |
Land And Building | 537,046 |
Other Fixed Assets | 15,404 |
NCUSIF Deposit | 189,869 |
All Other Assets | 58,109 |
TOTAL ASSETS | 30,563,578 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 32,063 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 109,747 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 15,330,937 |
All Other Shares & Deposits | 9,302,000 |
TOTAL SHARES & DEPOSITS | 24,632,937 |
TOTAL LIABILITIES | 24,774,747 |
Regular Reserve | 421,750 |
Other Reserves | 0 |
Undivided Earnings | 5,367,081 |
TOTAL EQUITY | 5,788,831 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,563,578 |
INCOME & EXPENSE | |
Loan Income | 929,756 |
Investment Income | 84,494 |
Other Income | 7,003 |
Total Employee Compensation & Benefits | 384,838 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 145,991 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,000 |
Cost of Funds | 183,130 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 268,294 |
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