Dec, 31, 2021 — IRVING CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, TX with 1 branch location and about $82.63 million in total assets. Opened 61 years ago in 1961, IRVING CITY EMPLOYEES FEDERAL CREDIT UNION has about 4,753 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IRVING CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1408 W Pioneer Dr IRVING, TX 75061 |
| Phone: | (972) 259-1233 |
| Fax: | (972) 254-0849 |
| Website: | http://icefcu.com |
| Branches: | 1 branch locations |
| Members: | 4,753 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24481 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,627,753 |
| CEO/Manager: | James K Ladner |
| Chairperson: | Dave Springob |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,912,979 |
| TOTAL INVESTMENTS | 28,160,153 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,710,289 |
| Unsecured Loans | 2,592,001 |
| Other Loans | 25,694,292 |
| TOTAL LOANS | 32,276,626 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -282,591 |
| Land And Building | 676,061 |
| Other Fixed Assets | 52,013 |
| NCUSIF Deposit | 706,813 |
| All Other Assets | 125,699 |
| TOTAL ASSETS | 82,627,753 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 575,481 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,401,291 |
| Regular shares | 49,429,155 |
| All Other Shares & Deposits | 8,552,200 |
| TOTAL SHARES & DEPOSITS | 74,382,646 |
| TOTAL LIABILITIES | 74,958,127 |
| Regular Reserve | 1,071,452 |
| Other Reserves | 0 |
| Undivided Earnings | 6,598,174 |
| TOTAL EQUITY | 7,669,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,627,753 |
| INCOME & EXPENSE | |
| Loan Income | 1,204,839 |
| Investment Income | 258,728 |
| Other Income | 176,398 |
| Total Employee Compensation & Benefits | 805,800 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 779,726 |
| Non-operating Income & (Expense) | 197,497 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,000 |
| Cost of Funds | 104,897 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 284,460 |
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