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IBEW 317 FEDERAL CREDIT UNION

Mar, 31, 2022 — IBEW 317 FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $31.83 million in total assets. Opened 62 years ago in 1960, IBEW 317 FEDERAL CREDIT UNION has about 1,598 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:http://ibew317fcu.virtualcu.net
Branches:1 branch locations
Members:1,598
Credit Union Type:Federal Credit Union
Charter Number:14030
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1960
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$31,828,120
CEO/Manager:Codi E Gilbert
Chairperson:Ryan Adkins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,743,890
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,373,644
 Unsecured Loans 752,177
 Other Loans 4,300,617
 TOTAL LOANS 11,757,027
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -216,644
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 234,837
 All Other Assets 0
  TOTAL ASSETS 31,828,120
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,795
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,619,979
 Regular shares 11,828,895
 All Other Shares & Deposits 15,776,124
  TOTAL SHARES & DEPOSITS 29,224,998
  TOTAL LIABILITIES 29,223,203
 Regular Reserve 0
 Other Reserves 560,000
 Undivided Earnings 2,044,917
  TOTAL EQUITY 2,604,917
  TOTAL LIABILITIES, SHARES, & EQUITY 31,828,120
INCOME & EXPENSE  
 Loan Income 135,652
 Investment Income 31,377
 Other Income 7,740
 Total Employee Compensation & Benefits 55,159
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 44,966
 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 72,350
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -10,206
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