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LOCAL 265 IBEW FEDERAL CREDIT UNION

Jun, 30, 2021 — LOCAL 265 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 1 branch location and about $3.38 million in total assets. Opened 58 years ago in 1963, LOCAL 265 IBEW FEDERAL CREDIT UNION has about 873 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LOCAL 265 IBEW FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 22725
LINCOLN, NE 68542
Phone:(402) 423-4494
Fax:(402) 423-4506
Website:n/a
Branches:1 branch locations
Members:873
Credit Union Type:Federal Credit Union
Charter Number:15522
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1963
Last Audited:May 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,377,861
CEO/Manager:Jill E Kaufman
Chairperson:James R Oppegard

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,042,436
TOTAL INVESTMENTS 298,583
Loans Held for Sale 0
 
 Real Estate Loans 10,691
 Unsecured Loans 28,263
 Other Loans 1,975,314
 TOTAL LOANS 2,014,268
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,683
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 26,933
 All Other Assets 13,324
  TOTAL ASSETS 3,377,861
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,202
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,784,781
 All Other Shares & Deposits 202,000
  TOTAL SHARES & DEPOSITS 2,986,781
  TOTAL LIABILITIES 2,989,983
 Regular Reserve 91,355
 Other Reserves 198,882
 Undivided Earnings 97,641
  TOTAL EQUITY 387,878
  TOTAL LIABILITIES, SHARES, & EQUITY 3,377,861
INCOME & EXPENSE  
 Loan Income 44,092
 Investment Income 2,266
 Other Income 992
 Total Employee Compensation & Benefits 29,742
 NCUSIF Premiums Expense 1,514
 Total Other Operating Expenses 12,160
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 902
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,032
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