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IRON WORKERS FEDERAL CREDIT UNION

Jun, 30, 2021 — IRON WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in Pittsburgh, PA with 1 branch location and about $7.00 million in total assets. Opened 58 years ago in 1963, IRON WORKERS FEDERAL CREDIT UNION has about 3,530 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IRON WORKERS FEDERAL CREDIT UNION
Address:
(Main Office)
2201 Liberty Ave Ste 201
Pittsburgh, PA 15222-4512
Phone:(412) 471-1133
Fax:(412) 471-1547
Website:http://iwfcu.com
Branches:1 branch locations
Members:3,530
Credit Union Type:Federal Credit Union
Charter Number:15797
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1963
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,996,849
CEO/Manager:Jennifer A Vogt
Chairperson:Richard E Danko, Jr.

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,109,894
TOTAL INVESTMENTS 3,932,358
Loans Held for Sale 0
 
 Real Estate Loans 634,425
 Unsecured Loans 822,040
 Other Loans 423,921
 TOTAL LOANS 1,880,386
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,977
 Land And Building 0
 Other Fixed Assets 2,838
 NCUSIF Deposit 63,228
 All Other Assets 15,122
  TOTAL ASSETS 6,996,849
LIABILITIES & CAPITAL:  
 Dividends Payable 2,235
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,946
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 396,620
 Regular shares 5,306,223
 All Other Shares & Deposits 756,977
  TOTAL SHARES & DEPOSITS 6,459,820
  TOTAL LIABILITIES 6,467,001
 Regular Reserve 343,246
 Other Reserves 0
 Undivided Earnings 186,602
  TOTAL EQUITY 529,848
  TOTAL LIABILITIES, SHARES, & EQUITY 6,996,849
INCOME & EXPENSE  
 Loan Income 60,375
 Investment Income 33,054
 Other Income 7,281
 Total Employee Compensation & Benefits 46,807
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 72,772
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,365
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -23,234
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