Sep, 30, 2022 — ILA 1351 FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 1 branch location and about $15.72 million in total assets. Opened 57 years ago in 1966, ILA 1351 FEDERAL CREDIT UNION has about 983 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.
| 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: | 983 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,717,613 |
| CEO/Manager: | Jan Stewart |
| Chairperson: | Richard Newcomb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,972,715 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,246,850 |
| Other Loans | 5,001,572 |
| TOTAL LOANS | 6,248,422 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,806 |
| Land And Building | 504,664 |
| Other Fixed Assets | 7,926 |
| NCUSIF Deposit | 117,499 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,717,613 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,060 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 126,134 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 505,215 |
| Regular shares | 12,318,217 |
| All Other Shares & Deposits | 211,979 |
| TOTAL SHARES & DEPOSITS | 13,035,411 |
| TOTAL LIABILITIES | 13,166,605 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,551,008 |
| TOTAL EQUITY | 2,551,008 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,717,613 |
| INCOME & EXPENSE | |
| Loan Income | 306,962 |
| Investment Income | 50,932 |
| Other Income | 46,591 |
| Total Employee Compensation & Benefits | 190,752 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 164,278 |
| Non-operating Income & (Expense) | 21,742 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 15,286 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,649 |
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