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ILA 28 FEDERAL CREDIT UNION

Sep, 30, 2022 — ILA 28 FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $8.96 million in total assets. Opened 53 years ago in 1970, ILA 28 FEDERAL CREDIT UNION has about 967 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:967
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:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$8,964,313
CEO/Manager:KIMBERLY E BROWN
Chairperson:Tommy Thomson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,134,443
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 567,419
 Other Loans 5,159,265
 TOTAL LOANS 5,726,684
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,910
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 68,406
 All Other Assets 0
  TOTAL ASSETS 8,964,313
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,581
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,089,837
 All Other Shares & Deposits 1,859,998
  TOTAL SHARES & DEPOSITS 6,949,835
  TOTAL LIABILITIES 6,962,416
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,001,897
  TOTAL EQUITY 2,001,897
  TOTAL LIABILITIES, SHARES, & EQUITY 8,964,313
INCOME & EXPENSE  
 Loan Income 229,120
 Investment Income 13,518
 Other Income 5,716
 Total Employee Compensation & Benefits 116,801
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 92,927
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,001
 Cost of Funds 50,293
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,457
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