Sep, 30, 2025 — ILA 1351 FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 1 branch location and about $16.65 million in total assets. Opened 60 years ago in 1966, ILA 1351 FEDERAL CREDIT UNION has about 1,049 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ILA 1351 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10920 Spencer Hwy LA PORTE, TX 77571 |
| Phone: | (281) 470-1813 |
| Fax: | (281) 470-9400 |
| Website: | https://www.ila1351fcu.com |
| Branches: | 1 branch locations |
| Members: | 1,049 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17253 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,645,718 |
| CEO/Manager: | Ann Phelps |
| Chairperson: | Richard Newcomb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,252,137 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,970,728 |
| Other Loans | 6,830,392 |
| TOTAL LOANS | 8,801,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,000 |
| Land And Building | 474,587 |
| Other Fixed Assets | 17,464 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 122,020 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,645,718 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,181 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 153,114 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 617,148 |
| Regular shares | 11,756,827 |
| All Other Shares & Deposits | 1,216,180 |
| TOTAL SHARES & DEPOSITS | 13,590,155 |
| TOTAL LIABILITIES | 13,753,450 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,892,268 |
| TOTAL EQUITY | 2,892,268 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,645,718 |
| INCOME & EXPENSE | |
| Loan Income | 456,346 |
| Investment Income | 215,544 |
| Other Income | 59,935 |
| Total Employee Compensation & Benefits | 270,069 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 210,930 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 40,498 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 210,328 |
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