Dec, 31, 2021 — ILA 1351 FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 2 branch locations and about $14.42 million in total assets. Opened 56 years ago in 1966, ILA 1351 FEDERAL CREDIT UNION has about 972 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: | ILA 1351 FEDERAL CREDIT UNION |
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Address: (Main Office) | 10920 Spencer Hwy LA PORTE, TX 77571 |
Phone: | (281) 470-1813 |
Fax: | (281) 470-9400 |
Website: | http://www.ila1351fcu.com |
Branches: | 2 branch locations |
Members: | 972 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17253 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,415,817 |
CEO/Manager: | Jan Stewart |
Chairperson: | Shaun M Stewart |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,390,583 |
TOTAL INVESTMENTS | 4,573,823 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 998,617 |
Other Loans | 4,893,948 |
TOTAL LOANS | 5,892,565 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,274 |
Land And Building | 512,184 |
Other Fixed Assets | 9,316 |
NCUSIF Deposit | 108,867 |
All Other Assets | -1,247 |
TOTAL ASSETS | 14,415,817 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 27,094 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 150,444 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 508,479 |
Regular shares | 11,151,847 |
All Other Shares & Deposits | 89,595 |
TOTAL SHARES & DEPOSITS | 11,749,921 |
TOTAL LIABILITIES | 11,927,459 |
Regular Reserve | 322,011 |
Other Reserves | 0 |
Undivided Earnings | 2,166,347 |
TOTAL EQUITY | 2,488,358 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,415,817 |
INCOME & EXPENSE | |
Loan Income | 347,845 |
Investment Income | 53,616 |
Other Income | 53,998 |
Total Employee Compensation & Benefits | 255,681 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 222,924 |
Non-operating Income & (Expense) | 46,477 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 40,472 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 21,148 |
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