Dec, 31, 2023 — INTERNAL REVENUE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 1 branch location and about $15.02 million in total assets. Opened 84 years ago in 1940, INTERNAL REVENUE EMPLOYEES FEDERAL CREDIT UNION has about 770 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INTERNAL REVENUE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4905 Koger Blvd GREENSBORO, NC 27407 |
| Phone: | (336) 852-7511 |
| Fax: | (336) 852-7212 |
| Website: | https://www.irefcu_ncsc.com |
| Branches: | 1 branch locations |
| Members: | 770 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3685 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,023,937 |
| CEO/Manager: | LaDawn Atkinson |
| Chairperson: | Frank McClanahan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 826,147 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,481,460 |
| Unsecured Loans | 470,798 |
| Other Loans | 1,988,015 |
| TOTAL LOANS | 3,940,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,712 |
| Land And Building | 0 |
| Other Fixed Assets | 275 |
| NCUSIF Deposit | 156,777 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,023,937 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 37,766 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,020 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 10,674,425 |
| All Other Shares & Deposits | 925,169 |
| TOTAL SHARES & DEPOSITS | 11,599,594 |
| TOTAL LIABILITIES | 11,638,380 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,385,557 |
| TOTAL EQUITY | 3,385,557 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,023,937 |
| INCOME & EXPENSE | |
| Loan Income | 172,849 |
| Investment Income | 208,931 |
| Other Income | 6,537 |
| Total Employee Compensation & Benefits | 145,812 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 92,843 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 133,356 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,966 |
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