Dec, 31, 2023 — 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 $15.98 million in total assets. Opened 48 years ago in 1976, LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION has about 1,895 members and employs 3 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 |
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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: | 1,895 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22447 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,975,293 |
CEO/Manager: | Stacy L Bognar |
Chairperson: | Richard Ehlers |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,213,710 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,761,982 |
Unsecured Loans | 723,219 |
Other Loans | 4,451,240 |
TOTAL LOANS | 8,936,441 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,635 |
Land And Building | 0 |
Other Fixed Assets | 31,411 |
NCUSIF Deposit | 151,550 |
All Other Assets | 0 |
TOTAL ASSETS | 15,975,293 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,127 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,217,688 |
Regular shares | 11,785,832 |
All Other Shares & Deposits | 349,373 |
TOTAL SHARES & DEPOSITS | 14,352,895 |
TOTAL LIABILITIES | 14,365,022 |
Regular Reserve | 0 |
Other Reserves | 181,595 |
Undivided Earnings | 1,428,676 |
TOTAL EQUITY | 1,610,271 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,975,293 |
INCOME & EXPENSE | |
Loan Income | 421,933 |
Investment Income | 277,438 |
Other Income | 74,748 |
Total Employee Compensation & Benefits | 223,303 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 224,441 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,580 |
Cost of Funds | 26,832 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 302,153 |
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» See also Statement of Financial Condition