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IBEW 141 FEDERAL CREDIT UNION

Dec, 31, 2021 — IBEW 141 FEDERAL CREDIT UNION is a federal credit union headquartered in WHEELING, WV with 1 branch location and about $1.68 million in total assets. Opened 61 years ago in 1961, IBEW 141 FEDERAL CREDIT UNION has about 391 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IBEW 141 FEDERAL CREDIT UNION
Address:
(Main Office)
110 Wilkinson Dr
WHEELING, WV 26003
Phone:(304) 277-3136
Fax:
Website:n/a
Branches:1 branch locations
Members:391
Credit Union Type:Federal Credit Union
Charter Number:14712
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:$1,675,724
CEO/Manager:Kirt LeVelle
Chairperson:James Lemasters

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 301,837
TOTAL INVESTMENTS 855,304
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 115,939
 Other Loans 423,113
 TOTAL LOANS 539,052
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,355
 Land And Building 0
 Other Fixed Assets 3,634
 NCUSIF Deposit 15,794
 All Other Assets 2,458
  TOTAL ASSETS 1,675,724
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,608
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,398,497
 All Other Shares & Deposits 33,425
  TOTAL SHARES & DEPOSITS 1,431,922
  TOTAL LIABILITIES 1,434,530
 Regular Reserve 56,398
 Other Reserves 0
 Undivided Earnings 184,796
  TOTAL EQUITY 241,194
  TOTAL LIABILITIES, SHARES, & EQUITY 1,675,724
INCOME & EXPENSE  
 Loan Income 34,829
 Investment Income 18,967
 Other Income 0
 Total Employee Compensation & Benefits 34,803
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,090
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,923
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,985
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