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IBEW 141 FEDERAL CREDIT UNION

Dec, 31, 2020 — IBEW 141 FEDERAL CREDIT UNION is a federal credit union headquartered in Wheeling, WV with 1 branch location and about $1.83 million in total assets. Opened 60 years ago in 1961, IBEW 141 FEDERAL CREDIT UNION has about 398 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:398
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:Aug 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$1,826,462
CEO/Manager:Kirt LeVelle
Chairperson:Joseph Bidka

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 664,853
TOTAL INVESTMENTS 555,304
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 121,728
 Other Loans 503,174
 TOTAL LOANS 624,902
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,356
 Land And Building 0
 Other Fixed Assets 6,050
 NCUSIF Deposit 16,062
 All Other Assets 1,647
  TOTAL ASSETS 1,826,462
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,877
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,545,901
 All Other Shares & Deposits 33,505
  TOTAL SHARES & DEPOSITS 1,579,406
  TOTAL LIABILITIES 1,582,283
 Regular Reserve 56,398
 Other Reserves 0
 Undivided Earnings 187,781
  TOTAL EQUITY 244,179
  TOTAL LIABILITIES, SHARES, & EQUITY 1,826,462
INCOME & EXPENSE  
 Loan Income 37,620
 Investment Income 19,347
 Other Income 0
 Total Employee Compensation & Benefits 34,810
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,980
 Non-operating Income & (Expense) 31
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,031
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 177
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