Credit Unions Near Me
National Credit Union Service Organization

I B E W LOCAL 56 FEDERAL CREDIT UNION

Sep, 30, 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 $11.33 million in total assets. Opened 61 years ago in 1961, I B E W LOCAL 56 FEDERAL CREDIT UNION has about 1,593 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 WEST 20TH STREET
ERIE, PA 16502
Phone:(814) 455-2270
Fax:(814) 455-4307
Website:https://ibew56fcu.org
Branches:1 branch locations
Members:1,593
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:$11,326,806
CEO/Manager:Charlene M Hedderick
Chairperson:Christian M Kossbiel

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 938,883
TOTAL INVESTMENTS 6,324,861
Loans Held for Sale 0
 
 Real Estate Loans 1,160,766
 Unsecured Loans 213,078
 Other Loans 2,549,504
 TOTAL LOANS 3,923,348
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,302
 Land And Building 12,586
 Other Fixed Assets 8,621
 NCUSIF Deposit 95,779
 All Other Assets 37,030
  TOTAL ASSETS 11,326,806
LIABILITIES & CAPITAL:  
 Dividends Payable 2,939
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,217
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,470,584
 Regular shares 7,571,289
 All Other Shares & Deposits 1,436,594
  TOTAL SHARES & DEPOSITS 10,478,467
  TOTAL LIABILITIES 10,493,623
 Regular Reserve 345,286
 Other Reserves 10,000
 Undivided Earnings 477,897
  TOTAL EQUITY 833,183
  TOTAL LIABILITIES, SHARES, & EQUITY 11,326,806
INCOME & EXPENSE  
 Loan Income 127,569
 Investment Income 59,485
 Other Income 19,395
 Total Employee Compensation & Benefits 74,130
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 95,952
 Non-operating Income & (Expense) 14,055
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 11,577
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 42,154
↑ Back to Top

Other Credit Unions

ERIE POLICE FEDERAL CREDIT UNION
626 STATE ST STE 112, STE 112
ERIE, PA 16501-1128
ERIE TIMES FEDERAL CREDIT UNION
335 METZ ST
ERIE, PA 16508-2723
ERIE CITY EMPLOYEES FEDERAL CREDIT UNION
5 E 34th St
ERIE, PA 16504-1507
PHB EMPLOYEES FEDERAL CREDIT UNION
7773 West Ridge Road, Box 241
FAIRVIEW, PA 16415
LAKE ERIE COMMUNITY FEDERAL CREDIT UNION
721 Rice Ave
GIRARD, PA 16417-1122
SAINT VINCENT ERIE FEDERAL CREDIT UNION
2314 Sassafras St Ste 100
ERIE, PA 16502
TRI STATE RAIL FEDERAL CREDIT UNION
110 W 13TH ST
ERIE, PA 16501
ERIE FIREFIGHTERS FEDERAL CREDIT UNION
3204 Maple St
ERIE, PA 16508-2611
LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION
1286 E 38th St
ERIE, PA 16504-3039
NORTH EAST WELCH FEDERAL CREDIT UNION
PO BOX 597
NORTH EAST, PA 16428-0597