Sep, 30, 2025 — LOCAL 20 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND PRAIRIE, TX with 1 branch location and about $8.45 million in total assets. Opened 62 years ago in 1964, LOCAL 20 IBEW FEDERAL CREDIT UNION has about 3,708 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL 20 IBEW FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 688 W Tarrant Rd GRAND PRAIRIE, TX 75050 |
| Phone: | (214) 363-9223 |
| Fax: | (214) 363-5836 |
| Website: | https://www.local20ibewfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,708 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16429 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,448,876 |
| CEO/Manager: | Kenneth R Everitt |
| Chairperson: | Patrick J Jolly |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 415,937 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 657,836 |
| Other Loans | 3,790,044 |
| TOTAL LOANS | 4,447,881 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,322 |
| Land And Building | 0 |
| Other Fixed Assets | 8,338 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 68,541 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,448,876 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 100,000 |
| Accounts Payable & Other Liabilities | 57,435 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,200,705 |
| Regular shares | 2,235,774 |
| All Other Shares & Deposits | 4,256,132 |
| TOTAL SHARES & DEPOSITS | 7,692,612 |
| TOTAL LIABILITIES | 7,850,047 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 598,829 |
| TOTAL EQUITY | 598,829 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,448,876 |
| INCOME & EXPENSE | |
| Loan Income | 246,537 |
| Investment Income | 120,904 |
| Other Income | 116,456 |
| Total Employee Compensation & Benefits | 245,483 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 180,411 |
| Non-operating Income & (Expense) | -1,172 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,184 |
| Cost of Funds | 3,098 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,037 |
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