Jun, 30, 2024 — PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION is a federal credit union headquartered in NORFOLK, VA with 1 branch location and about $7.88 million in total assets. Opened 50 years ago in 1975, PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION has about 1,558 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: | 1,558 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,875,012 |
| CEO/Manager: | Rhonda McCoy |
| Chairperson: | James White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,151,220 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,064,932 |
| Other Loans | 2,158,568 |
| TOTAL LOANS | 3,223,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,606 |
| Land And Building | 0 |
| Other Fixed Assets | 8,932 |
| NCUSIF Deposit | 68,314 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,875,012 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,615 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 371,788 |
| Regular shares | 6,546,497 |
| All Other Shares & Deposits | 311,934 |
| TOTAL SHARES & DEPOSITS | 7,230,219 |
| TOTAL LIABILITIES | 7,247,834 |
| Regular Reserve | 0 |
| Other Reserves | 310,923 |
| Undivided Earnings | 316,255 |
| TOTAL EQUITY | 627,178 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,875,012 |
| INCOME & EXPENSE | |
| Loan Income | 173,482 |
| Investment Income | 41,669 |
| Other Income | 46,091 |
| Total Employee Compensation & Benefits | 139,011 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 186,710 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,029 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -50,205 |
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