Jun, 30, 2024 — 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 59 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 |
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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: | 983 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,717,613 |
CEO/Manager: | Jan Stewart |
Chairperson: | Richard Newcomb |
ASSETS: | $ Amount |
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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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