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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |