Mar, 31, 2022 — I.B.E.W. LU 66 FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $9.99 million in total assets. Opened 51 years ago in 1971, I.B.E.W. LU 66 FEDERAL CREDIT UNION has about 1,399 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: | I.B.E.W. LU 66 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4345 ALLEN GENOA RD PASADENA, TX 77504 |
| Phone: | (713) 946-6513 |
| Fax: | (713) 946-1939 |
| Website: | https://www.mycu66.org |
| Branches: | 1 branch locations |
| Members: | 1,399 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20469 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,991,235 |
| CEO/Manager: | Angela H Berry |
| Chairperson: | Bruce G Bettilyon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,141,611 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 816,125 |
| Other Loans | 4,625,284 |
| TOTAL LOANS | 5,441,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,412 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 76,795 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,991,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 253,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 339,295 |
| Regular shares | 6,785,597 |
| All Other Shares & Deposits | 1,516,384 |
| TOTAL SHARES & DEPOSITS | 8,641,276 |
| TOTAL LIABILITIES | 8,894,286 |
| Regular Reserve | 0 |
| Other Reserves | 60,000 |
| Undivided Earnings | 1,036,949 |
| TOTAL EQUITY | 1,096,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,991,235 |
| INCOME & EXPENSE | |
| Loan Income | 108,913 |
| Investment Income | 3,050 |
| Other Income | 14,614 |
| Total Employee Compensation & Benefits | 52,706 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 54,118 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
| Cost of Funds | 9,122 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 34,432 |
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