Sep, 30, 2025 — I.L.W.U. FEDERAL CREDIT UNION is a federal credit union headquartered in LONG BEACH, CA with 6 branch locations and about $561.46 million in total assets. Opened 54 years ago in 1972, I.L.W.U. FEDERAL CREDIT UNION has about 30,671 members and employs 83 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | I.L.W.U. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3447 Atlantic Ave LONG BEACH, CA 90807 |
| Phone: | (310) 834-6411 |
| Fax: | (310) 834-2151 |
| Website: | https://www.ilwucu.org |
| Branches: | 6 branch locations |
| Members: | 30,671 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24916 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $561,460,096 |
| CEO/Manager: | Ralph E Ruiz |
| Chairperson: | Peter Ciaramitaro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,580,379 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 204,241,800 |
| Unsecured Loans | 51,008,771 |
| Other Loans | 146,364,115 |
| TOTAL LOANS | 401,614,685 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,116,680 |
| Land And Building | 10,817,757 |
| Other Fixed Assets | 2,781,012 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,423,389 |
| All Other Assets | 0 |
| TOTAL ASSETS | 561,460,096 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 65,621 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,727,349 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,942,726 |
| Regular shares | 199,311,045 |
| All Other Shares & Deposits | 247,284,596 |
| TOTAL SHARES & DEPOSITS | 508,538,367 |
| TOTAL LIABILITIES | 513,331,337 |
| Regular Reserve | 0 |
| Other Reserves | 703,391 |
| Undivided Earnings | 47,425,368 |
| TOTAL EQUITY | 48,128,759 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 561,460,096 |
| INCOME & EXPENSE | |
| Loan Income | 18,035,987 |
| Investment Income | 3,197,851 |
| Other Income | 2,268,410 |
| Total Employee Compensation & Benefits | 7,519,471 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,412,101 |
| Non-operating Income & (Expense) | 560,055 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 759,116 |
| Cost of Funds | 6,127,432 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,584,935 |
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