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IBEW 116 FEDERAL CREDIT UNION

Dec, 31, 2021 — IBEW 116 FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $3.79 million in total assets. Opened 53 years ago in 1969, IBEW 116 FEDERAL CREDIT UNION has about 800 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IBEW 116 FEDERAL CREDIT UNION
Address:
(Main Office)
603 S ADAMS ST STE 10A
FORT WORTH, TX 76104-3023
Phone:(817) 335-3658
Fax:(817) 335-3659
Website:http://www.ibew116fcu.org
Branches:1 branch locations
Members:800
Credit Union Type:Federal Credit Union
Charter Number:19393
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1969
Last Audited:Nov 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,785,579
CEO/Manager:CHARISSE MILLER
Chairperson:SAMUEL TAYLOR

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,696,747
TOTAL INVESTMENTS 648,630
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 190,582
 Other Loans 1,200,223
 TOTAL LOANS 1,390,805
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,784
 Land And Building 2,599
 Other Fixed Assets 0
 NCUSIF Deposit 40,095
 All Other Assets 8,487
  TOTAL ASSETS 3,785,579
LIABILITIES & CAPITAL:  
 Dividends Payable 44,656
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 452,222
 Regular shares 2,236,351
 All Other Shares & Deposits 774,264
  TOTAL SHARES & DEPOSITS 3,462,837
  TOTAL LIABILITIES 3,507,493
 Regular Reserve 120,062
 Other Reserves 0
 Undivided Earnings 158,024
  TOTAL EQUITY 278,086
  TOTAL LIABILITIES, SHARES, & EQUITY 3,785,579
INCOME & EXPENSE  
 Loan Income 86,739
 Investment Income 10,946
 Other Income 36,967
 Total Employee Compensation & Benefits 84,515
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 108,147
 Non-operating Income & (Expense) 15,574
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 100
 Cost of Funds 1,322
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -42,027
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