Mar, 31, 2021 — I.B.E.W. LU 66 FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $8.94 million in total assets. Opened 50 years ago in 1971, I.B.E.W. LU 66 FEDERAL CREDIT UNION has about 1,295 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: | 1,295 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,942,417 |
| CEO/Manager: | Angela H Berry |
| Chairperson: | Bruce G Bettilyon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,267,750 |
| TOTAL INVESTMENTS | 449,657 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 872,214 |
| Other Loans | 5,271,807 |
| TOTAL LOANS | 6,144,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,254 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 69,631 |
| All Other Assets | 66,612 |
| TOTAL ASSETS | 8,942,417 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,428 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 275,176 |
| Regular shares | 6,299,706 |
| All Other Shares & Deposits | 1,253,930 |
| TOTAL SHARES & DEPOSITS | 7,828,812 |
| TOTAL LIABILITIES | 7,929,240 |
| Regular Reserve | 60,000 |
| Other Reserves | 0 |
| Undivided Earnings | 953,177 |
| TOTAL EQUITY | 1,013,177 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,942,417 |
| INCOME & EXPENSE | |
| Loan Income | 116,668 |
| Investment Income | 688 |
| Other Income | 14,002 |
| Total Employee Compensation & Benefits | 54,863 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 41,247 |
| 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 | 11,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,181 |
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