Dec, 31, 2023 — IRVIN WORKS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MIFFLIN, PA with 2 branch locations and about $32.79 million in total assets. Opened 82 years ago in 1942, IRVIN WORKS FEDERAL CREDIT UNION has about 2,261 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IRVIN WORKS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1301 Camp Hollow Rd WEST MIFFLIN, PA 15122 |
| Phone: | (412) 469-0410 |
| Fax: | (412) 469-0298 |
| Website: | https://www.steelstrongcfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,261 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4828 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,792,649 |
| CEO/Manager: | Sandra L Abels |
| Chairperson: | Michael Juliano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,488,777 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,183,793 |
| Unsecured Loans | 3,887,804 |
| Other Loans | 8,173,452 |
| TOTAL LOANS | 15,245,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,750 |
| Land And Building | 0 |
| Other Fixed Assets | 25,124 |
| NCUSIF Deposit | 251,994 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,792,649 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 775 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,557,447 |
| Regular shares | 17,013,625 |
| All Other Shares & Deposits | 4,231,205 |
| TOTAL SHARES & DEPOSITS | 25,802,277 |
| TOTAL LIABILITIES | 25,803,052 |
| Regular Reserve | 0 |
| Other Reserves | -233,213 |
| Undivided Earnings | 7,222,810 |
| TOTAL EQUITY | 6,989,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,792,649 |
| INCOME & EXPENSE | |
| Loan Income | 990,135 |
| Investment Income | 220,593 |
| Other Income | 52,336 |
| Total Employee Compensation & Benefits | 425,346 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 510,887 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,560 |
| Cost of Funds | 99,429 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 309,889 |
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» See also Statement of Financial Condition