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IBEW LOCAL UNION 80 FEDERAL CREDIT UNION

Mar, 31, 2021 — IBEW LOCAL UNION 80 FEDERAL CREDIT UNION is a federal credit union headquartered in Chesapeake, VA with 0 branch location and about $1.25 million in total assets. Opened 51 years ago in 1970, IBEW LOCAL UNION 80 FEDERAL CREDIT UNION has about 582 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:582
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:$1,245,480
CEO/Manager:Angela R Fortner
Chairperson:James N Huban

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 715,907
TOTAL INVESTMENTS 213,870
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 59,610
 Other Loans 254,686
 TOTAL LOANS 314,296
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,558
 Land And Building 0
 Other Fixed Assets 3,346
 NCUSIF Deposit 10,072
 All Other Assets 3,547
  TOTAL ASSETS 1,245,480
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 857
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,070,658
 All Other Shares & Deposits 35,019
  TOTAL SHARES & DEPOSITS 1,105,677
  TOTAL LIABILITIES 1,106,534
 Regular Reserve 38,488
 Other Reserves 0
 Undivided Earnings 100,458
  TOTAL EQUITY 138,946
  TOTAL LIABILITIES, SHARES, & EQUITY 1,245,480
INCOME & EXPENSE  
 Loan Income 7,609
 Investment Income 1,555
 Other Income 270
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,551
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 215
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -332
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