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National Credit Union Service Organization

LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION

Jun, 30, 2021 — 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 $14.80 million in total assets. Opened 45 years ago in 1976, LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION has about 1,667 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
Address:
(Main Office)
3564 CALIFORNIA ROAD
ORCHARD PARK, NY 14127
Phone:(716) 662-6133
Fax:(716) 662-0160
Website:http://www.local41fcu.com
Branches:1 branch locations
Members:1,667
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$14,801,047
CEO/Manager:Stacy L Bognar
Chairperson:Richard Ehlers

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,452,808
TOTAL INVESTMENTS 5,860,322
Loans Held for Sale 0
 
 Real Estate Loans 3,579,213
 Unsecured Loans 712,321
 Other Loans 3,009,370
 TOTAL LOANS 7,300,904
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,671
 Land And Building 0
 Other Fixed Assets 49,586
 NCUSIF Deposit 125,343
 All Other Assets 41,755
  TOTAL ASSETS 14,801,047
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,327
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,096,663
 Regular shares 11,460,660
 All Other Shares & Deposits 22,112
  TOTAL SHARES & DEPOSITS 13,579,435
  TOTAL LIABILITIES 13,588,762
 Regular Reserve 181,595
 Other Reserves 0
 Undivided Earnings 1,030,690
  TOTAL EQUITY 1,212,285
  TOTAL LIABILITIES, SHARES, & EQUITY 14,801,047
INCOME & EXPENSE  
 Loan Income 146,818
 Investment Income 10,957
 Other Income 28,785
 Total Employee Compensation & Benefits 92,692
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 93,869
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 548
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 42
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