Dec, 31, 2023 — I.L.W.U. FEDERAL CREDIT UNION is a federal credit union headquartered in LONG BEACH, CA with 6 branch locations and about $478.49 million in total assets. Opened 52 years ago in 1972, I.L.W.U. FEDERAL CREDIT UNION has about 26,425 members and employs 66 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: | 26,425 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $478,491,034 |
CEO/Manager: | Ralph E Ruiz |
Chairperson: | Peter Ciaramitaro |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 10,463,184 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 168,476,528 |
Unsecured Loans | 42,101,022 |
Other Loans | 141,463,724 |
TOTAL LOANS | 352,041,274 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,202,425 |
Land And Building | 11,008,671 |
Other Fixed Assets | 2,782,477 |
NCUSIF Deposit | 3,589,452 |
All Other Assets | 0 |
TOTAL ASSETS | 478,491,034 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 24,500,000 |
Accounts Payable & Other Liabilities | 7,173,915 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 54,035,784 |
Regular shares | 172,291,518 |
All Other Shares & Deposits | 187,394,974 |
TOTAL SHARES & DEPOSITS | 413,722,277 |
TOTAL LIABILITIES | 445,396,192 |
Regular Reserve | 0 |
Other Reserves | -5,709,243 |
Undivided Earnings | 38,804,085 |
TOTAL EQUITY | 33,094,842 |
TOTAL LIABILITIES, SHARES, & EQUITY | 478,491,034 |
INCOME & EXPENSE | |
Loan Income | 17,049,317 |
Investment Income | 2,409,387 |
Other Income | 2,564,592 |
Total Employee Compensation & Benefits | 7,623,091 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,253,760 |
Non-operating Income & (Expense) | 812,776 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,089,193 |
Cost of Funds | 5,861,274 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,584,917 |
↑ Back to Top |
» See also Statement of Financial Condition