Mar, 31, 2022 — I.L.A. LOCAL 1235 FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, NJ with 1 branch location and about $8.88 million in total assets. Opened 41 years ago in 1981, I.L.A. LOCAL 1235 FEDERAL CREDIT UNION has about 631 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I.L.A. LOCAL 1235 FEDERAL CREDIT UNION |
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Address: (Main Office) | 327 Milltown RD SPRINGFIELD, NJ 07081 |
Phone: | (973) 344-8660 |
Fax: | (973) 732-1698 |
Website: | http://www.ila1235fcu.com |
Branches: | 1 branch locations |
Members: | 631 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23807 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,877,927 |
CEO/Manager: | Linda Cernadas |
Chairperson: | Ricardo Fuentes |
ASSETS: | $ Amount |
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Cash & Equivalents | 795,489 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,665,886 |
Other Loans | 1,889,085 |
TOTAL LOANS | 3,554,971 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,883 |
Land And Building | 0 |
Other Fixed Assets | 12,630 |
NCUSIF Deposit | 72,604 |
All Other Assets | 0 |
TOTAL ASSETS | 8,877,927 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,376 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 226,785 |
Regular shares | 7,497,534 |
All Other Shares & Deposits | 91,741 |
TOTAL SHARES & DEPOSITS | 7,816,060 |
TOTAL LIABILITIES | 7,823,436 |
Regular Reserve | 0 |
Other Reserves | 232,791 |
Undivided Earnings | 821,700 |
TOTAL EQUITY | 1,054,491 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,877,927 |
INCOME & EXPENSE | |
Loan Income | 77,034 |
Investment Income | 16,878 |
Other Income | 2,326 |
Total Employee Compensation & Benefits | 67,448 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,616 |
Non-operating Income & (Expense) | -5,737 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,465 |
Cost of Funds | 1,060 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 41 |
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