Dec, 31, 2020 — IBEW 317 FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $28.85 million in total assets. Opened 61 years ago in 1960, IBEW 317 FEDERAL CREDIT UNION has about 1,565 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: | 1,565 |
| 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: | $28,852,352 |
| CEO/Manager: | Codi E Burchett |
| Chairperson: | Ryan Adkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,284,738 |
| TOTAL INVESTMENTS | 11,929,178 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,306,634 |
| Unsecured Loans | 834,719 |
| Other Loans | 5,045,710 |
| TOTAL LOANS | 12,521,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,866 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 200,465 |
| All Other Assets | 19,332 |
| TOTAL ASSETS | 28,852,352 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,773 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,414,957 |
| Regular shares | 10,632,196 |
| All Other Shares & Deposits | 14,277,943 |
| TOTAL SHARES & DEPOSITS | 26,325,096 |
| TOTAL LIABILITIES | 26,327,869 |
| Regular Reserve | 560,000 |
| Other Reserves | 0 |
| Undivided Earnings | 1,964,483 |
| TOTAL EQUITY | 2,524,483 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,852,352 |
| INCOME & EXPENSE | |
| Loan Income | 604,798 |
| Investment Income | 167,826 |
| Other Income | 22,728 |
| Total Employee Compensation & Benefits | 192,151 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 196,707 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 405,013 |
| Cost of Funds | 293,555 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -292,074 |
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