Sep, 30, 2025 — I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $13.93 million in total assets. Opened 52 years ago in 1974, I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION has about 1,541 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5 Hot Metal St Ste 201 PITTSBURGH, PA 15203-2351 |
| Phone: | (412) 432-1152 |
| Fax: | (412) 431-4659 |
| Website: | https://www.ibew5.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 1,541 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21782 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,927,524 |
| CEO/Manager: | Kathleen Saffer |
| Chairperson: | Michael J Berta |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 432,658 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,919,076 |
| Unsecured Loans | 354,450 |
| Other Loans | 5,331,713 |
| TOTAL LOANS | 7,605,239 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 109,158 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,927,524 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,480 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,717 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 10,344,637 |
| All Other Shares & Deposits | 1,389,426 |
| TOTAL SHARES & DEPOSITS | 11,734,062 |
| TOTAL LIABILITIES | 11,764,259 |
| Regular Reserve | 0 |
| Other Reserves | 105,222 |
| Undivided Earnings | 2,058,043 |
| TOTAL EQUITY | 2,163,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,927,524 |
| INCOME & EXPENSE | |
| Loan Income | 318,599 |
| Investment Income | 126,225 |
| Other Income | 1,299 |
| Total Employee Compensation & Benefits | 89,849 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 72,845 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 90,973 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 217,153 |
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