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IBEW COMMUNITY FEDERAL CREDIT UNION

Jun, 30, 2021 — IBEW COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Beaumont, TX with 1 branch location and about $19.91 million in total assets. Opened 50 years ago in 1971, IBEW COMMUNITY FEDERAL CREDIT UNION has about 1,773 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:1,773
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$19,909,541
CEO/Manager:Kimberly A Monceaux
Chairperson:JAY DEVILLE

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,106,560
TOTAL INVESTMENTS 4,756,422
Loans Held for Sale 0
 
 Real Estate Loans 646,805
 Unsecured Loans 700,832
 Other Loans 9,927,979
 TOTAL LOANS 11,275,616
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -87,919
 Land And Building 594,510
 Other Fixed Assets 9,210
 NCUSIF Deposit 157,509
 All Other Assets 97,633
  TOTAL ASSETS 19,909,541
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 82,497
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,101,106
 Regular shares 12,628,264
 All Other Shares & Deposits 1,672,947
  TOTAL SHARES & DEPOSITS 18,402,317
  TOTAL LIABILITIES 18,484,814
 Regular Reserve 459,193
 Other Reserves 0
 Undivided Earnings 965,534
  TOTAL EQUITY 1,424,727
  TOTAL LIABILITIES, SHARES, & EQUITY 19,909,541
INCOME & EXPENSE  
 Loan Income 255,090
 Investment Income 2,402
 Other Income 50,241
 Total Employee Compensation & Benefits 151,868
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 189,054
 Non-operating Income & (Expense) 79,356
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,500
 Cost of Funds 9,784
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,883
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