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IBEW COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2020 — IBEW COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Beaumont, TX with 1 branch location and about $18.44 million in total assets. Opened 50 years ago in 1971, IBEW COMMUNITY FEDERAL CREDIT UNION has about 1,811 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 313177688
Name:IBEW COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
3805 W CARDINAL DR
Beaumont, TX 77705-4411
Phone:(409) 833-8271
Fax:(409) 833-6903
Website:http://www.ibewfcu.com
Branches:1 branch locations
Members:1,811
Credit Union Type:Federal Credit Union
Charter Number:20503
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1971
Last Audited:Jun 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$18,442,172
CEO/Manager:Kimberly A Monceaux
Chairperson:JAY DEVILLE

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,432,090
TOTAL INVESTMENTS 5,255,430
Loans Held for Sale 0
 
 Real Estate Loans 773,822
 Unsecured Loans 810,566
 Other Loans 9,486,339
 TOTAL LOANS 11,070,727
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -133,022
 Land And Building 602,326
 Other Fixed Assets 8,398
 NCUSIF Deposit 134,104
 All Other Assets 72,119
  TOTAL ASSETS 18,442,172
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 33,940
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,693,066
 Regular shares 10,962,135
 All Other Shares & Deposits 2,337,504
  TOTAL SHARES & DEPOSITS 16,992,705
  TOTAL LIABILITIES 17,026,645
 Regular Reserve 459,192
 Other Reserves 0
 Undivided Earnings 956,335
  TOTAL EQUITY 1,415,527
  TOTAL LIABILITIES, SHARES, & EQUITY 18,442,172
INCOME & EXPENSE  
 Loan Income 532,284
 Investment Income 21,578
 Other Income 245,070
 Total Employee Compensation & Benefits 310,221
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 392,193
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 53,699
 Cost of Funds 28,021
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,798
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