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INTERNAL REVENUE FEDERAL CREDIT UNION

Jun, 30, 2021 — INTERNAL REVENUE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $17.60 million in total assets. Opened 84 years ago in 1937, INTERNAL REVENUE FEDERAL CREDIT UNION has about 1,533 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:1,533
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:$17,601,854
CEO/Manager:Angel M Roberts
Chairperson:David Carrone

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,269,827
TOTAL INVESTMENTS 2,270,382
Loans Held for Sale 0
 
 Real Estate Loans 1,205,468
 Unsecured Loans 1,515,356
 Other Loans 4,953,145
 TOTAL LOANS 7,673,969
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -104,425
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 137,484
 All Other Assets 354,617
  TOTAL ASSETS 17,601,854
LIABILITIES & CAPITAL:  
 Dividends Payable 6,176
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 66,598
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,747,125
 Regular shares 4,677,876
 All Other Shares & Deposits 8,574,155
  TOTAL SHARES & DEPOSITS 14,999,156
  TOTAL LIABILITIES 15,071,930
 Regular Reserve 295,188
 Other Reserves 0
 Undivided Earnings 2,234,736
  TOTAL EQUITY 2,529,924
  TOTAL LIABILITIES, SHARES, & EQUITY 17,601,854
INCOME & EXPENSE  
 Loan Income 198,169
 Investment Income 18,213
 Other Income 61,908
 Total Employee Compensation & Benefits 112,821
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,191
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,000
 Cost of Funds 26,944
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 48,783
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