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ILA 28 FEDERAL CREDIT UNION

Dec, 31, 2021 — ILA 28 FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $8.84 million in total assets. Opened 52 years ago in 1970, ILA 28 FEDERAL CREDIT UNION has about 782 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ILA 28 FEDERAL CREDIT UNION
Address:
(Main Office)
4100-A GREENSHADOW DR
PASADENA, TX 77503
Phone:(281) 476-9388
Fax:(281) 476-9488
Website:n/a
Branches:1 branch locations
Members:782
Credit Union Type:Federal Credit Union
Charter Number:19983
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1970
Last Audited:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,843,938
CEO/Manager:KIMBERLY E BROWN
Chairperson:Tommy Thomson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,011,858
TOTAL INVESTMENTS 1,940,869
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 371,635
 Other Loans 4,455,857
 TOTAL LOANS 4,827,492
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,001
 Land And Building 0
 Other Fixed Assets 11,774
 NCUSIF Deposit 62,536
 All Other Assets 1,410
  TOTAL ASSETS 8,843,938
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,767
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,977,417
 All Other Shares & Deposits 1,863,215
  TOTAL SHARES & DEPOSITS 6,840,632
  TOTAL LIABILITIES 6,853,399
 Regular Reserve 30,102
 Other Reserves 0
 Undivided Earnings 1,960,437
  TOTAL EQUITY 1,990,539
  TOTAL LIABILITIES, SHARES, & EQUITY 8,843,938
INCOME & EXPENSE  
 Loan Income 317,841
 Investment Income 17,643
 Other Income 969
 Total Employee Compensation & Benefits 146,041
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 67,419
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 56,291
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 92,598
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