Dec, 31, 2023 — I B E W 175 FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $11.56 million in total assets. Opened 63 years ago in 1961, I B E W 175 FEDERAL CREDIT UNION has about 1,484 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 175 FEDERAL CREDIT UNION |
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Address: (Main Office) | 3922 VOLUNTEER DR STE 11 CHATTANOOGA, TN 37416-3901 |
Phone: | (423) 899-1017 |
Fax: | (423) 899-4677 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,484 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14634 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,559,801 |
CEO/Manager: | BRIDGET BLANKENSHIP |
Chairperson: | STERLING T SHELTON |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,240,151 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 935,764 |
Other Loans | 8,955,775 |
TOTAL LOANS | 9,891,539 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -340,722 |
Land And Building | 0 |
Other Fixed Assets | 428 |
NCUSIF Deposit | 92,445 |
All Other Assets | 31,025 |
TOTAL ASSETS | 11,559,801 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,943 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,600 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,259,730 |
All Other Shares & Deposits | 2,599,079 |
TOTAL SHARES & DEPOSITS | 9,858,810 |
TOTAL LIABILITIES | 9,897,353 |
Regular Reserve | 0 |
Other Reserves | 108,302 |
Undivided Earnings | 1,554,146 |
TOTAL EQUITY | 1,662,448 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,559,801 |
INCOME & EXPENSE | |
Loan Income | 777,069 |
Investment Income | 38,634 |
Other Income | 25,097 |
Total Employee Compensation & Benefits | 176,371 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 211,436 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,000 |
Cost of Funds | 72,628 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 250,365 |
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