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LOCAL 20 IBEW FEDERAL CREDIT UNION

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

Call Report

  • Overdraft Protection
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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