Dec, 31, 2021 — LOCAL 20 IBEW FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND PRAIRIE, TX with 1 branch location and about $6.83 million in total assets. Opened 58 years ago in 1964, LOCAL 20 IBEW FEDERAL CREDIT UNION has about 2,740 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 |
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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: | 2,740 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16429 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | May 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,831,045 |
CEO/Manager: | Kenneth R Everitt |
Chairperson: | Patrick J Jolly |
ASSETS: | $ Amount |
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Cash & Equivalents | 237,707 |
TOTAL INVESTMENTS | 3,238,401 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 477,595 |
Other Loans | 2,801,266 |
TOTAL LOANS | 3,278,861 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,780 |
Land And Building | 0 |
Other Fixed Assets | 12,003 |
NCUSIF Deposit | 60,687 |
All Other Assets | 22,166 |
TOTAL ASSETS | 6,831,045 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,746 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,321,210 |
Regular shares | 2,710,847 |
All Other Shares & Deposits | 2,313,005 |
TOTAL SHARES & DEPOSITS | 6,345,062 |
TOTAL LIABILITIES | 6,352,808 |
Regular Reserve | 417,336 |
Other Reserves | 0 |
Undivided Earnings | 60,901 |
TOTAL EQUITY | 478,237 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,831,045 |
INCOME & EXPENSE | |
Loan Income | 212,215 |
Investment Income | 12,710 |
Other Income | 91,918 |
Total Employee Compensation & Benefits | 228,152 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 177,971 |
Non-operating Income & (Expense) | -626 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,106 |
Cost of Funds | 519 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -46,319 |
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