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LOCAL 20 IBEW FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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