Dec, 31, 2023 — I.B.E.W. LOCAL #681 CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $779,166 in total assets. Opened 66 years ago in 1958, I.B.E.W. LOCAL #681 CREDIT UNION has about 341 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | I.B.E.W. LOCAL #681 CREDIT UNION |
|---|---|
| Address: (Main Office) | 6111 Old Jacksboro Hwy WICHITA FALLS, TX 76302-5503 |
| Phone: | (940) 723-1277 |
| Fax: | (940) 723-9301 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 341 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61021 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $779,166 |
| CEO/Manager: | Crystal Gilley |
| Chairperson: | Matt Wachsmann |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 143,827 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 60,293 |
| Other Loans | 417,284 |
| TOTAL LOANS | 477,577 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,105 |
| Land And Building | 0 |
| Other Fixed Assets | 793 |
| NCUSIF Deposit | 6,228 |
| All Other Assets | 0 |
| TOTAL ASSETS | 779,166 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 185 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 714,083 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 714,083 |
| TOTAL LIABILITIES | 714,268 |
| Regular Reserve | 0 |
| Other Reserves | 64,020 |
| Undivided Earnings | 878 |
| TOTAL EQUITY | 64,898 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 779,166 |
| INCOME & EXPENSE | |
| Loan Income | 28,680 |
| Investment Income | 4,327 |
| Other Income | 1,662 |
| Total Employee Compensation & Benefits | 20,800 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,956 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,341 |
| Cost of Funds | 931 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -28,359 |
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