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IBEW 317 FEDERAL CREDIT UNION

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

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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