Mar, 31, 2021 — ILA 1351 FEDERAL CREDIT UNION is a federal credit union headquartered in La Porte, TX with 2 branch locations and about $13.96 million in total assets. Opened 55 years ago in 1966, ILA 1351 FEDERAL CREDIT UNION has about 946 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: | 946 |
| 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: | $13,956,748 |
| CEO/Manager: | Jan Stewart |
| Chairperson: | Frank Ardila |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,747,785 |
| TOTAL INVESTMENTS | 2,935,823 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,319,235 |
| Other Loans | 4,351,457 |
| TOTAL LOANS | 5,670,692 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,269 |
| Land And Building | 519,737 |
| Other Fixed Assets | 12,097 |
| NCUSIF Deposit | 107,983 |
| All Other Assets | 32,900 |
| TOTAL ASSETS | 13,956,748 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,390 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,454 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 401,499 |
| Regular shares | 10,887,586 |
| All Other Shares & Deposits | 90,889 |
| TOTAL SHARES & DEPOSITS | 11,379,974 |
| TOTAL LIABILITIES | 11,489,818 |
| Regular Reserve | 322,011 |
| Other Reserves | 0 |
| Undivided Earnings | 2,144,919 |
| TOTAL EQUITY | 2,466,930 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,956,748 |
| INCOME & EXPENSE | |
| Loan Income | 96,487 |
| Investment Income | 13,988 |
| Other Income | 12,094 |
| Total Employee Compensation & Benefits | 61,678 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 58,282 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,578 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -274 |
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