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INTERNAL REVENUE FEDERAL CREDIT UNION

Mar, 31, 2022 — INTERNAL REVENUE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $18.32 million in total assets. Opened 85 years ago in 1937, INTERNAL REVENUE FEDERAL CREDIT UNION has about 1,524 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 St
NEW ORLEANS, LA 70112-3726
Phone:(504) 523-3756
Fax:(504) 581-6017
Website:http://www.irfcuno.com
Branches:1 branch locations
Members:1,524
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$18,323,529
CEO/Manager:Angel M Roberts
Chairperson:David Carrone

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,994,792
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,318,321
 Unsecured Loans 1,500,180
 Other Loans 5,101,014
 TOTAL LOANS 7,919,515
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -107,486
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 137,484
 All Other Assets 0
  TOTAL ASSETS 18,323,529
LIABILITIES & CAPITAL:  
 Dividends Payable 6,539
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 72,176
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,123,362
 Regular shares 5,046,018
 All Other Shares & Deposits 8,478,973
  TOTAL SHARES & DEPOSITS 15,648,353
  TOTAL LIABILITIES 15,727,068
 Regular Reserve 0
 Other Reserves 295,188
 Undivided Earnings 2,301,273
  TOTAL EQUITY 2,596,461
  TOTAL LIABILITIES, SHARES, & EQUITY 18,323,529
INCOME & EXPENSE  
 Loan Income 99,095
 Investment Income 8,303
 Other Income 32,163
 Total Employee Compensation & Benefits 61,825
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,267
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,030
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,645
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