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IRON WORKERS FEDERAL CREDIT UNION

Dec, 31, 2021 — IRON WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $6.62 million in total assets. Opened 59 years ago in 1963, IRON WORKERS FEDERAL CREDIT UNION has about 3,534 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:3,534
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:$6,620,332
CEO/Manager:Jennifer A Vogt
Chairperson:Richard E Danko, Jr.

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,337,800
TOTAL INVESTMENTS 3,482,358
Loans Held for Sale 0
 
 Real Estate Loans 534,310
 Unsecured Loans 761,565
 Other Loans 414,877
 TOTAL LOANS 1,710,752
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 5,152
 Land And Building 0
 Other Fixed Assets 2,731
 NCUSIF Deposit 64,865
 All Other Assets 16,674
  TOTAL ASSETS 6,620,332
LIABILITIES & CAPITAL:  
 Dividends Payable 3,856
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -19,798
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 356,820
 Regular shares 5,028,359
 All Other Shares & Deposits 737,002
  TOTAL SHARES & DEPOSITS 6,122,181
  TOTAL LIABILITIES 6,106,239
 Regular Reserve 343,246
 Other Reserves 0
 Undivided Earnings 170,847
  TOTAL EQUITY 514,093
  TOTAL LIABILITIES, SHARES, & EQUITY 6,620,332
INCOME & EXPENSE  
 Loan Income 123,245
 Investment Income 58,549
 Other Income 17,235
 Total Employee Compensation & Benefits 97,180
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 155,885
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -24,414
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