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 |
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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 |
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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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,055,625 |
CEO/Manager: | BRIDGET BLANKENSHIP |
Chairperson: | STERLING T SHELTON |
ASSETS: | $ Amount |
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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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