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IBEW 141 FEDERAL CREDIT UNION

Jun, 30, 2021 — IBEW 141 FEDERAL CREDIT UNION is a federal credit union headquartered in Wheeling, WV with 1 branch location and about $1.82 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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,822,588
CEO/Manager:Kirt LeVelle
Chairperson:James Lemasters

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 705,282
TOTAL INVESTMENTS 555,304
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 114,970
 Other Loans 464,946
 TOTAL LOANS 579,916
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,356
 Land And Building 0
 Other Fixed Assets 7,001
 NCUSIF Deposit 15,794
 All Other Assets 1,647
  TOTAL ASSETS 1,822,588
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,968
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,542,763
 All Other Shares & Deposits 33,629
  TOTAL SHARES & DEPOSITS 1,576,392
  TOTAL LIABILITIES 1,581,360
 Regular Reserve 56,398
 Other Reserves 0
 Undivided Earnings 184,830
  TOTAL EQUITY 241,228
  TOTAL LIABILITIES, SHARES, & EQUITY 1,822,588
INCOME & EXPENSE  
 Loan Income 18,440
 Investment Income 6,903
 Other Income 0
 Total Employee Compensation & Benefits 17,562
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,276
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,493
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,953
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