Dec, 31, 2023 — PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION is a federal credit union headquartered in NORFOLK, VA with 1 branch location and about $7.81 million in total assets. Opened 49 years ago in 1975, PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION has about 1,552 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1355 International Terminal Blvd NORFOLK, VA 23505 |
| Phone: | (757) 423-2185 |
| Fax: | (757) 423-2037 |
| Website: | https://www.ilafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,552 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22049 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jan 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,809,971 |
| CEO/Manager: | Rhonda McCoy |
| Chairperson: | James White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 744,099 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 972,037 |
| Other Loans | 2,086,322 |
| TOTAL LOANS | 3,058,359 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,706 |
| Land And Building | 0 |
| Other Fixed Assets | 3,862 |
| NCUSIF Deposit | 74,929 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,809,971 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,001 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 436,361 |
| Regular shares | 6,639,222 |
| All Other Shares & Deposits | 122,155 |
| TOTAL SHARES & DEPOSITS | 7,197,740 |
| TOTAL LIABILITIES | 7,211,741 |
| Regular Reserve | 0 |
| Other Reserves | 310,923 |
| Undivided Earnings | 287,307 |
| TOTAL EQUITY | 598,230 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,809,971 |
| INCOME & EXPENSE | |
| Loan Income | 271,322 |
| Investment Income | 114,633 |
| Other Income | 70,914 |
| Total Employee Compensation & Benefits | 222,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 268,036 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -25,000 |
| Cost of Funds | 3,512 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,291 |
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