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 |
| 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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