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IBEW 116 FEDERAL CREDIT UNION

Mar, 31, 2021 — IBEW 116 FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $4.48 million in total assets. Opened 52 years ago in 1969, IBEW 116 FEDERAL CREDIT UNION has about 834 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:834
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,477,958
CEO/Manager:CHARISSE MILLER
Chairperson:SAMUEL TAYLOR

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,013,383
TOTAL INVESTMENTS 848,630
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 164,486
 Other Loans 1,403,459
 TOTAL LOANS 1,567,945
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,614
 Land And Building 3,642
 Other Fixed Assets 0
 NCUSIF Deposit 36,994
 All Other Assets 10,978
  TOTAL ASSETS 4,477,958
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,086
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 563,560
 Regular shares 2,432,005
 All Other Shares & Deposits 1,163,976
  TOTAL SHARES & DEPOSITS 4,159,541
  TOTAL LIABILITIES 4,177,627
 Regular Reserve 120,062
 Other Reserves 0
 Undivided Earnings 180,269
  TOTAL EQUITY 300,331
  TOTAL LIABILITIES, SHARES, & EQUITY 4,477,958
INCOME & EXPENSE  
 Loan Income 22,287
 Investment Income 3,165
 Other Income 8,699
 Total Employee Compensation & Benefits 20,800
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,165
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 549
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,783
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