Mar, 31, 2021 — LOCAL 20 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND PRAIRIE, TX with 1 branch location and about $6.97 million in total assets. Opened 57 years ago in 1964, LOCAL 20 IBEW FEDERAL CREDIT UNION has about 2,654 members and employs 3 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: | http://local20ibewfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,654 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,973,942 |
| CEO/Manager: | Kenneth R Everitt |
| Chairperson: | Patrick J Jolly |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 542,178 |
| TOTAL INVESTMENTS | 3,140,401 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 493,256 |
| Other Loans | 2,710,497 |
| TOTAL LOANS | 3,203,753 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,252 |
| Land And Building | 0 |
| Other Fixed Assets | 14,437 |
| NCUSIF Deposit | 58,309 |
| All Other Assets | 31,116 |
| TOTAL ASSETS | 6,973,942 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,839 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,304,393 |
| Regular shares | 2,889,605 |
| All Other Shares & Deposits | 2,250,670 |
| TOTAL SHARES & DEPOSITS | 6,444,668 |
| TOTAL LIABILITIES | 6,458,507 |
| Regular Reserve | 417,336 |
| Other Reserves | 0 |
| Undivided Earnings | 98,099 |
| TOTAL EQUITY | 515,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,973,942 |
| INCOME & EXPENSE | |
| Loan Income | 54,474 |
| Investment Income | 4,914 |
| Other Income | 19,802 |
| Total Employee Compensation & Benefits | 49,769 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,811 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,084 |
| Cost of Funds | 169 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,121 |
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