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IBEW LOCAL UNION 80 FEDERAL CREDIT UNION

Mar, 31, 2022 — IBEW LOCAL UNION 80 FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 0 branch location and about $1.49 million in total assets. Opened 52 years ago in 1970, IBEW LOCAL UNION 80 FEDERAL CREDIT UNION has about 638 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IBEW LOCAL UNION 80 FEDERAL CREDIT UNION
Address:
(Main Office)
828 Providence Rd
CHESAPEAKE, VA 23325-4012
Phone:(757) 480-1767
Fax:(757) 480-3038
Website:n/a
Branches:0 branch locations
Members:638
Credit Union Type:Federal Credit Union
Charter Number:20004
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1970
Last Audited:May 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$1,490,750
CEO/Manager:Angela R Fortner
Chairperson:James N Huban

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,187,055
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 75,841
 Other Loans 216,556
 TOTAL LOANS 292,397
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,216
 Land And Building 0
 Other Fixed Assets 2,661
 NCUSIF Deposit 10,768
 All Other Assets 0
  TOTAL ASSETS 1,490,750
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,399
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,309,787
 All Other Shares & Deposits 24,199
  TOTAL SHARES & DEPOSITS 1,333,986
  TOTAL LIABILITIES 1,336,385
 Regular Reserve 0
 Other Reserves 38,488
 Undivided Earnings 115,877
  TOTAL EQUITY 154,365
  TOTAL LIABILITIES, SHARES, & EQUITY 1,490,750
INCOME & EXPENSE  
 Loan Income 7,282
 Investment Income 994
 Other Income 405
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,783
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 220
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,322
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