Mar, 31, 2021 — IBEW 317 FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $30.41 million in total assets. Opened 61 years ago in 1960, IBEW 317 FEDERAL CREDIT UNION has about 1,574 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: | IBEW 317 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O BOX 9275 HUNTINGTON, WV 25701 |
| Phone: | (304) 522-4871 |
| Fax: | (304) 781-2656 |
| Website: | http://ibew317fcu.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 1,574 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14030 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,407,581 |
| CEO/Manager: | Codi E Burchett |
| Chairperson: | Ryan Adkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,381,388 |
| TOTAL INVESTMENTS | 11,664,178 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,405,480 |
| Unsecured Loans | 765,767 |
| Other Loans | 5,201,893 |
| TOTAL LOANS | 12,373,140 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -231,580 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 200,465 |
| All Other Assets | 19,990 |
| TOTAL ASSETS | 30,407,581 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,778 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,704,316 |
| Regular shares | 10,748,467 |
| All Other Shares & Deposits | 15,377,839 |
| TOTAL SHARES & DEPOSITS | 27,830,622 |
| TOTAL LIABILITIES | 27,834,400 |
| Regular Reserve | 560,000 |
| Other Reserves | 0 |
| Undivided Earnings | 2,013,181 |
| TOTAL EQUITY | 2,573,181 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,407,581 |
| INCOME & EXPENSE | |
| Loan Income | 158,586 |
| Investment Income | 57,876 |
| Other Income | 4,592 |
| Total Employee Compensation & Benefits | 54,828 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 48,394 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,500 |
| Cost of Funds | 66,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,699 |
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