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 |
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