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INTERNAL REVENUE FEDERAL CREDIT UNION

Mar, 31, 2021 — INTERNAL REVENUE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $17.14 million in total assets. Opened 84 years ago in 1937, INTERNAL REVENUE FEDERAL CREDIT UNION has about 1,542 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.


ABA Routing Number: 265075511
Name:INTERNAL REVENUE FEDERAL CREDIT UNION
Address:
(Main Office)
1555 POYDRAS STREET, SUITE 250
NEW ORLEANS, LA 70112-3726
Phone:(504) 523-3756
Fax:(504) 581-6017
Website:http://www.irfcuno.com
Branches:1 branch locations
Members:1,542
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$17,141,579
CEO/Manager:Angel M Roberts
Chairperson:David Carrone

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,574,922
TOTAL INVESTMENTS 3,020,396
Loans Held for Sale 0
 
 Real Estate Loans 1,035,664
 Unsecured Loans 1,466,080
 Other Loans 4,908,883
 TOTAL LOANS 7,410,627
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -91,667
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 118,079
 All Other Assets 109,222
  TOTAL ASSETS 17,141,579
LIABILITIES & CAPITAL:  
 Dividends Payable 8,163
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 60,916
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,784,125
 Regular shares 4,392,327
 All Other Shares & Deposits 8,406,001
  TOTAL SHARES & DEPOSITS 14,582,453
  TOTAL LIABILITIES 14,651,532
 Regular Reserve 295,188
 Other Reserves 0
 Undivided Earnings 2,194,859
  TOTAL EQUITY 2,490,047
  TOTAL LIABILITIES, SHARES, & EQUITY 17,141,579
INCOME & EXPENSE  
 Loan Income 99,038
 Investment Income 11,093
 Other Income 30,250
 Total Employee Compensation & Benefits 59,885
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 56,923
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 14,799
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,907
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