Jun, 30, 2021 — ILA 1351 FEDERAL CREDIT UNION is a federal credit union headquartered in La Porte, TX with 2 branch locations and about $13.55 million in total assets. Opened 55 years ago in 1966, ILA 1351 FEDERAL CREDIT UNION has about 953 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 |
|---|---|
| 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: | 953 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,550,443 |
| CEO/Manager: | Jan Stewart |
| Chairperson: | Shaun M Stewart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,787,853 |
| TOTAL INVESTMENTS | 3,083,823 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,366,902 |
| Other Loans | 4,724,671 |
| TOTAL LOANS | 6,091,573 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,269 |
| Land And Building | 517,205 |
| Other Fixed Assets | 10,870 |
| NCUSIF Deposit | 108,869 |
| All Other Assets | 20,519 |
| TOTAL ASSETS | 13,550,443 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,203 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,945 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 435,780 |
| Regular shares | 10,337,303 |
| All Other Shares & Deposits | 89,513 |
| TOTAL SHARES & DEPOSITS | 10,862,596 |
| TOTAL LIABILITIES | 11,045,744 |
| Regular Reserve | 322,011 |
| Other Reserves | 0 |
| Undivided Earnings | 2,182,688 |
| TOTAL EQUITY | 2,504,699 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,550,443 |
| INCOME & EXPENSE | |
| Loan Income | 196,211 |
| Investment Income | 27,203 |
| Other Income | 24,450 |
| Total Employee Compensation & Benefits | 123,516 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 112,236 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 8,862 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,496 |
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