Dec, 31, 2022 — IBEW 116 FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $3.55 million in total assets. Opened 54 years ago in 1969, IBEW 116 FEDERAL CREDIT UNION has about 769 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 |
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Address: (Main Office) | 603 S ADAMS ST STE 10A FORT WORTH, TX 76104-3023 |
Phone: | (817) 335-3658 |
Fax: | (817) 335-3659 |
Website: | https://www.ibew116fcu.org |
Branches: | 1 branch locations |
Members: | 769 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19393 |
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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: | $3,552,306 |
CEO/Manager: | CHARISSE MILLER |
Chairperson: | SAMUEL TAYLOR |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,826,039 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 176,379 |
Other Loans | 855,943 |
TOTAL LOANS | 1,032,322 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,444 |
Land And Building | 1,902 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 34,628 |
All Other Assets | 0 |
TOTAL ASSETS | 3,552,306 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,488 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 488,886 |
Regular shares | 2,193,088 |
All Other Shares & Deposits | 612,917 |
TOTAL SHARES & DEPOSITS | 3,294,891 |
TOTAL LIABILITIES | 3,314,379 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 237,927 |
TOTAL EQUITY | 237,927 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,552,306 |
INCOME & EXPENSE | |
Loan Income | 59,381 |
Investment Income | 11,341 |
Other Income | 30,885 |
Total Employee Compensation & Benefits | 62,606 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 82,315 |
Non-operating Income & (Expense) | 12,557 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,850 |
Cost of Funds | 510 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -40,159 |
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