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ILA 28 FEDERAL CREDIT UNION

Jun, 30, 2021 — ILA 28 FEDERAL CREDIT UNION is a federal credit union headquartered in Pasadena, TX with 1 branch location and about $8.33 million in total assets. Opened 51 years ago in 1970, ILA 28 FEDERAL CREDIT UNION has about 875 members and employs 4 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:875
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:$8,332,526
CEO/Manager:KIMBERLY E BROWN
Chairperson:Tommy Thomson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,260,284
TOTAL INVESTMENTS 1,144,869
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 398,993
 Other Loans 4,462,324
 TOTAL LOANS 4,861,317
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,000
 Land And Building 0
 Other Fixed Assets 7,775
 NCUSIF Deposit 62,537
 All Other Assets 5,744
  TOTAL ASSETS 8,332,526
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 20,233
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,623,295
 All Other Shares & Deposits 1,750,899
  TOTAL SHARES & DEPOSITS 6,374,194
  TOTAL LIABILITIES 6,394,427
 Regular Reserve 30,102
 Other Reserves 0
 Undivided Earnings 1,907,997
  TOTAL EQUITY 1,938,099
  TOTAL LIABILITIES, SHARES, & EQUITY 8,332,526
INCOME & EXPENSE  
 Loan Income 161,572
 Investment Income 13,487
 Other Income 702
 Total Employee Compensation & Benefits 75,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 41,850
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,053
 Cost of Funds 27,495
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,793
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