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I.L.W.U. FEDERAL CREDIT UNION

Dec, 31, 2021 — I.L.W.U. FEDERAL CREDIT UNION is a federal credit union headquartered in LONG BEACH, CA with 6 branch locations and about $415.01 million in total assets. Opened 50 years ago in 1972, I.L.W.U. FEDERAL CREDIT UNION has about 24,333 members and employs 69 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: 322283893
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:http://www.ilwucu.org
Branches:6 branch locations
Members:24,333
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$415,006,327
CEO/Manager:Ralph E Ruiz
Chairperson:Peter Ciaramitaro

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,635,878
TOTAL INVESTMENTS 116,633,211
Loans Held for Sale 0
 
 Real Estate Loans 122,051,823
 Unsecured Loans 28,916,197
 Other Loans 97,495,957
 TOTAL LOANS 248,463,977
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -853,011
 Land And Building 11,123,612
 Other Fixed Assets 2,274,905
 NCUSIF Deposit 3,281,365
 All Other Assets 4,446,390
  TOTAL ASSETS 415,006,327
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,361,679
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 50,685,134
 Regular shares 157,525,553
 All Other Shares & Deposits 167,813,374
  TOTAL SHARES & DEPOSITS 376,024,061
  TOTAL LIABILITIES 379,385,740
 Regular Reserve 1,052,539
 Other Reserves 1,520,727
 Undivided Earnings 33,047,321
  TOTAL EQUITY 35,620,587
  TOTAL LIABILITIES, SHARES, & EQUITY 415,006,327
INCOME & EXPENSE  
 Loan Income 11,266,679
 Investment Income 924,945
 Other Income 2,124,619
 Total Employee Compensation & Benefits 6,798,209
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,539,672
 Non-operating Income & (Expense) 723,851
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,731
 Cost of Funds 1,672,380
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,267,612
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