Dec, 31, 2020 — I B E W 175 FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $9.06 million in total assets. Opened 60 years ago in 1961, I B E W 175 FEDERAL CREDIT UNION has about 2,790 members 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 |
|---|---|
| Address: (Main Office) | 3922 VOLUNTEER DR STE11 CHATTANOOGA, TN 37416-3901 |
| Phone: | (423) 899-1017 |
| Fax: | (423) 899-4677 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 2,790 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14634 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,055,625 |
| CEO/Manager: | BRIDGET BLANKENSHIP |
| Chairperson: | STERLING T SHELTON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,647,728 |
| TOTAL INVESTMENTS | 371,947 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 7,073,796 |
| TOTAL LOANS | 7,073,796 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -155,666 |
| Land And Building | 0 |
| Other Fixed Assets | 428 |
| NCUSIF Deposit | 70,031 |
| All Other Assets | 47,361 |
| TOTAL ASSETS | 9,055,625 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,948,071 |
| All Other Shares & Deposits | 794,807 |
| TOTAL SHARES & DEPOSITS | 7,742,878 |
| TOTAL LIABILITIES | 7,765,912 |
| Regular Reserve | 108,302 |
| Other Reserves | 0 |
| Undivided Earnings | 1,181,411 |
| TOTAL EQUITY | 1,289,713 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,055,625 |
| INCOME & EXPENSE | |
| Loan Income | 525,105 |
| Investment Income | 6,203 |
| Other Income | 16,822 |
| Total Employee Compensation & Benefits | 106,057 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 115,669 |
| 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 | 35,219 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 161,185 |
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