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IRVING CITY EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — IRVING CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Irving, TX with 1 branch location and about $80.08 million in total assets. Opened 60 years ago in 1961, IRVING CITY EMPLOYEES FEDERAL CREDIT UNION has about 4,727 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:4,727
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:$80,082,295
CEO/Manager:James K Ladner
Chairperson:Dave Springob

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 19,598,760
TOTAL INVESTMENTS 26,913,153
Loans Held for Sale 0
 
 Real Estate Loans 3,571,713
 Unsecured Loans 2,635,368
 Other Loans 25,516,040
 TOTAL LOANS 32,130,798
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -224,019
 Land And Building 678,013
 Other Fixed Assets 60,803
 NCUSIF Deposit 665,309
 All Other Assets 259,478
  TOTAL ASSETS 80,082,295
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 514,740
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,597,274
 Regular shares 48,176,522
 All Other Shares & Deposits 9,097,494
  TOTAL SHARES & DEPOSITS 71,871,290
  TOTAL LIABILITIES 72,386,030
 Regular Reserve 1,071,452
 Other Reserves 0
 Undivided Earnings 6,624,813
  TOTAL EQUITY 7,696,265
  TOTAL LIABILITIES, SHARES, & EQUITY 80,082,295
INCOME & EXPENSE  
 Loan Income 636,164
 Investment Income 149,197
 Other Income 88,370
 Total Employee Compensation & Benefits 386,899
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 389,354
 Non-operating Income & (Expense) 197,497
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,000
 Cost of Funds 54,262
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 311,099
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