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IBEW 317 FEDERAL CREDIT UNION

Jun, 30, 2023 — IBEW 317 FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $30.94 million in total assets. Opened 64 years ago in 1960, IBEW 317 FEDERAL CREDIT UNION has about 1,601 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)
1848 Madison Ave Ste B
HUNTINGTON, WV 25704
Phone:(304) 522-4871
Fax:(304) 781-2656
Website:https://ibew317fcu.com
Branches:1 branch locations
Members:1,601
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$30,941,256
CEO/Manager:Codi E Day
Chairperson:Ryan Adkins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,858,760
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,053,988
 Unsecured Loans 767,630
 Other Loans 4,329,269
 TOTAL LOANS 11,562,532
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -358,855
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 194,093
 All Other Assets 0
  TOTAL ASSETS 30,941,256
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,458,304
 Regular shares 11,939,376
 All Other Shares & Deposits 14,908,806
  TOTAL SHARES & DEPOSITS 28,306,486
  TOTAL LIABILITIES 28,307,673
 Regular Reserve 0
 Other Reserves 560,000
 Undivided Earnings 2,073,583
  TOTAL EQUITY 2,633,583
  TOTAL LIABILITIES, SHARES, & EQUITY 30,941,256
INCOME & EXPENSE  
 Loan Income 429,284
 Investment Income 96,106
 Other Income 24,197
 Total Employee Compensation & Benefits 177,632
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 144,577
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,500
 Cost of Funds 196,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 18,462
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