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LOCAL 20 IBEW FEDERAL CREDIT UNION

Jun, 30, 2021 — LOCAL 20 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND PRAIRIE, TX with 1 branch location and about $7.13 million in total assets. Opened 57 years ago in 1964, LOCAL 20 IBEW FEDERAL CREDIT UNION has about 2,697 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:2,697
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:$7,133,957
CEO/Manager:Kenneth R Everitt
Chairperson:Patrick J Jolly

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 424,396
TOTAL INVESTMENTS 3,488,401
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 462,778
 Other Loans 2,676,875
 TOTAL LOANS 3,139,653
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,583
 Land And Building 0
 Other Fixed Assets 14,507
 NCUSIF Deposit 60,687
 All Other Assets 24,896
  TOTAL ASSETS 7,133,957
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 25,443
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,334,579
 Regular shares 2,957,516
 All Other Shares & Deposits 2,311,646
  TOTAL SHARES & DEPOSITS 6,603,741
  TOTAL LIABILITIES 6,629,184
 Regular Reserve 417,336
 Other Reserves 0
 Undivided Earnings 87,437
  TOTAL EQUITY 504,773
  TOTAL LIABILITIES, SHARES, & EQUITY 7,133,957
INCOME & EXPENSE  
 Loan Income 106,476
 Investment Income 8,043
 Other Income 40,143
 Total Employee Compensation & Benefits 110,072
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 85,356
 Non-operating Income & (Expense) -121
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,307
 Cost of Funds 307
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,782
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