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IBEW LOCAL UNION 80 FEDERAL CREDIT UNION

Jun, 30, 2021 — IBEW LOCAL UNION 80 FEDERAL CREDIT UNION is a federal credit union headquartered in Chesapeake, VA with 0 branch location and about $1.41 million in total assets. Opened 51 years ago in 1970, IBEW LOCAL UNION 80 FEDERAL CREDIT UNION has about 578 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:578
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:$1,406,526
CEO/Manager:Angela R Fortner
Chairperson:James N Huban

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 615,386
TOTAL INVESTMENTS 464,383
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 74,441
 Other Loans 252,956
 TOTAL LOANS 327,397
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,132
 Land And Building 0
 Other Fixed Assets 3,398
 NCUSIF Deposit 10,768
 All Other Assets 3,326
  TOTAL ASSETS 1,406,526
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,411
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,232,486
 All Other Shares & Deposits 32,815
  TOTAL SHARES & DEPOSITS 1,265,301
  TOTAL LIABILITIES 1,266,712
 Regular Reserve 38,488
 Other Reserves 0
 Undivided Earnings 101,326
  TOTAL EQUITY 139,814
  TOTAL LIABILITIES, SHARES, & EQUITY 1,406,526
INCOME & EXPENSE  
 Loan Income 15,447
 Investment Income 2,759
 Other Income 450
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,676
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 444
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 536
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