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 |
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 |
↑ Back to Top |