Sep, 30, 2025 — LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION is a federal credit union headquartered in ORCHARD PARK, NY with 1 branch location and about $17.32 million in total assets. Opened 50 years ago in 1976, LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION has about 2,191 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: | LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3564 California Rd ORCHARD PARK, NY 14127 |
| Phone: | (716) 662-6133 |
| Fax: | (716) 662-0160 |
| Website: | https://www.local41fcu.com |
| Branches: | 1 branch locations |
| Members: | 2,191 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22447 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,317,474 |
| CEO/Manager: | Stacy L Bognar |
| Chairperson: | Richard Ehlers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 939,572 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,500,087 |
| Unsecured Loans | 893,313 |
| Other Loans | 5,653,806 |
| TOTAL LOANS | 10,047,206 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,982 |
| Land And Building | 0 |
| Other Fixed Assets | 64,987 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 147,545 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,317,474 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,059 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,369,572 |
| Regular shares | 12,235,400 |
| All Other Shares & Deposits | 477,322 |
| TOTAL SHARES & DEPOSITS | 15,082,295 |
| TOTAL LIABILITIES | 15,115,354 |
| Regular Reserve | 0 |
| Other Reserves | 181,595 |
| Undivided Earnings | 2,020,525 |
| TOTAL EQUITY | 2,202,120 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,317,474 |
| INCOME & EXPENSE | |
| Loan Income | 388,286 |
| Investment Income | 235,563 |
| Other Income | 54,118 |
| Total Employee Compensation & Benefits | 192,842 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 197,944 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,828 |
| Cost of Funds | 23,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 217,583 |
| ↑ Back to Top | |