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.
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: | https://www.ila1351fcu.com |
Branches: | 1 branch locations |
Members: | 1,011 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,519,868 |
CEO/Manager: | Ann Phelps |
Chairperson: | Frank Ardila |
ASSETS: | $ Amount |
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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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