Dec, 31, 2023 — INTERNAL REVENUE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $18.90 million in total assets. Opened 87 years ago in 1937, INTERNAL REVENUE FEDERAL CREDIT UNION has about 1,528 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: | INTERNAL REVENUE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1555 Poydras St NEW ORLEANS, LA 70112-3726 |
| Phone: | (504) 523-3756 |
| Fax: | (504) 581-6017 |
| Website: | https://www.irfcuno.com |
| Branches: | 1 branch locations |
| Members: | 1,528 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2446 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,900,711 |
| CEO/Manager: | Angel M Roberts |
| Chairperson: | David Carrone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,373,433 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,446,603 |
| Unsecured Loans | 1,937,986 |
| Other Loans | 7,216,904 |
| TOTAL LOANS | 10,601,493 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,070 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 151,414 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,900,711 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 34,040 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 123,481 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,578,924 |
| Regular shares | 4,274,019 |
| All Other Shares & Deposits | 9,106,840 |
| TOTAL SHARES & DEPOSITS | 15,959,784 |
| TOTAL LIABILITIES | 16,117,305 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,783,406 |
| TOTAL EQUITY | 2,783,406 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,900,711 |
| INCOME & EXPENSE | |
| Loan Income | 509,219 |
| Investment Income | 245,664 |
| Other Income | 150,290 |
| Total Employee Compensation & Benefits | 279,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 360,722 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,000 |
| Cost of Funds | 118,395 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 128,921 |
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