Dec, 31, 2021 — I B E W LOCAL 56 FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $11.25 million in total assets. Opened 61 years ago in 1961, I B E W LOCAL 56 FEDERAL CREDIT UNION has about 1,580 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I B E W LOCAL 56 FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 962 W 20TH ST ERIE, PA 16502-2401 |
Phone: | (814) 455-2270 |
Fax: | (814) 455-4307 |
Website: | https://ibew56fcu.org |
Branches: | 1 branch locations |
Members: | 1,580 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14247 |
---|---|
Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,246,236 |
CEO/Manager: | Charlene M Hedderick |
Chairperson: | Christian M Kossbiel |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 942,107 |
TOTAL INVESTMENTS | 6,471,861 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,023,581 |
Unsecured Loans | 204,860 |
Other Loans | 2,463,360 |
TOTAL LOANS | 3,691,801 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,302 |
Land And Building | 12,019 |
Other Fixed Assets | 8,558 |
NCUSIF Deposit | 95,779 |
All Other Assets | 38,413 |
TOTAL ASSETS | 11,246,236 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,009 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,369 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,501,892 |
Regular shares | 7,523,449 |
All Other Shares & Deposits | 1,370,670 |
TOTAL SHARES & DEPOSITS | 10,396,011 |
TOTAL LIABILITIES | 10,408,389 |
Regular Reserve | 345,286 |
Other Reserves | 10,000 |
Undivided Earnings | 482,561 |
TOTAL EQUITY | 837,847 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,246,236 |
INCOME & EXPENSE | |
Loan Income | 172,760 |
Investment Income | 76,556 |
Other Income | 26,193 |
Total Employee Compensation & Benefits | 101,357 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 131,124 |
Non-operating Income & (Expense) | 14,985 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 15,390 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 46,818 |
↑ Back to Top |