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ILA 1351 FEDERAL CREDIT UNION

Dec, 31, 2023 — ILA 1351 FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 1 branch location and about $15.52 million in total assets. Opened 58 years ago in 1966, ILA 1351 FEDERAL CREDIT UNION has about 1,011 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 313083879
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:1,011
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$15,519,868
CEO/Manager:Ann Phelps
Chairperson:Frank Ardila

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,542,051
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,078,669
 Other Loans 5,305,649
 TOTAL LOANS 6,384,318
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -69,806
 Land And Building 492,132
 Other Fixed Assets 12,045
 NCUSIF Deposit 131,216
 All Other Assets 0
  TOTAL ASSETS 15,519,868
LIABILITIES & CAPITAL:  
 Dividends Payable 19,108
 Notes & Interest Payable 72,667
 Accounts Payable & Other Liabilities 228,922
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 470,581
 Regular shares 11,936,169
 All Other Shares & Deposits 256,290
  TOTAL SHARES & DEPOSITS 12,663,040
  TOTAL LIABILITIES 12,983,737
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,536,131
  TOTAL EQUITY 2,536,131
  TOTAL LIABILITIES, SHARES, & EQUITY 15,519,868
INCOME & EXPENSE  
 Loan Income 371,340
 Investment Income 242,166
 Other Income 68,472
 Total Employee Compensation & Benefits 352,763
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 269,108
 Non-operating Income & (Expense) 11,424
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 39,134
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 32,397
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