Jun, 30, 2024 — LOCAL 265 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 1 branch location and about $3.82 million in total assets. Opened 61 years ago in 1963, LOCAL 265 IBEW FEDERAL CREDIT UNION has about 925 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: | https://itsme247.com/886/authentica |
| Branches: | 1 branch locations |
| Members: | 925 |
| 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: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,821,672 |
| CEO/Manager: | Jill E Kaufman |
| Chairperson: | Justin Petty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 608,550 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,342 |
| Unsecured Loans | 0 |
| Other Loans | 2,563,255 |
| TOTAL LOANS | 2,567,597 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,829 |
| Land And Building | 0 |
| Other Fixed Assets | 38,042 |
| NCUSIF Deposit | 32,700 |
| All Other Assets | 55,000 |
| TOTAL ASSETS | 3,821,672 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 162 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 75,856 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,176,881 |
| All Other Shares & Deposits | 202,000 |
| TOTAL SHARES & DEPOSITS | 3,378,881 |
| TOTAL LIABILITIES | 3,454,899 |
| Regular Reserve | 0 |
| Other Reserves | 91,355 |
| Undivided Earnings | 275,418 |
| TOTAL EQUITY | 366,773 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,821,672 |
| INCOME & EXPENSE | |
| Loan Income | 68,367 |
| Investment Income | 5,457 |
| Other Income | 6,334 |
| Total Employee Compensation & Benefits | 46,157 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,094 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,664 |
| Cost of Funds | 1,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -14,081 |
| ↑ Back to Top | |