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LOCAL 265 IBEW FEDERAL CREDIT UNION

Mar, 31, 2022 — LOCAL 265 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 1 branch location and about $3.81 million in total assets. Opened 59 years ago in 1963, LOCAL 265 IBEW FEDERAL CREDIT UNION has about 911 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)
1409 Old Farm Rd
LINCOLN, NE 68512-1805
Phone:(402) 423-4494
Fax:(402) 423-4506
Website:n/a
Branches:1 branch locations
Members:911
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:$3,812,728
CEO/Manager:Jill E Kaufman
Chairperson:Justin Petty

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,154,978
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,071
 Unsecured Loans 0
 Other Loans 2,016,222
 TOTAL LOANS 2,023,293
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,569
 Land And Building 0
 Other Fixed Assets 40,816
 NCUSIF Deposit 26,933
 All Other Assets 55,000
  TOTAL ASSETS 3,812,728
LIABILITIES & CAPITAL:  
 Dividends Payable 160
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 39,742
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,205,896
 All Other Shares & Deposits 202,000
  TOTAL SHARES & DEPOSITS 3,407,896
  TOTAL LIABILITIES 3,447,798
 Regular Reserve 0
 Other Reserves 198,882
 Undivided Earnings 166,048
  TOTAL EQUITY 364,930
  TOTAL LIABILITIES, SHARES, & EQUITY 3,812,728
INCOME & EXPENSE  
 Loan Income 21,668
 Investment Income 1,598
 Other Income 2,203
 Total Employee Compensation & Benefits 15,096
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,427
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,441
 Cost of Funds 429
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,924
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