Dec, 31, 2023 — 540 I.B.E.W. CREDIT UNION is a non-federally insured state credit union headquartered in MASSILLON, OH with 1 branch location and about $1.34 million in total assets. Opened 2024 years ago in 0, 540 I.B.E.W. CREDIT UNION has about 425 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | 540 I.B.E.W. CREDIT UNION |
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Address: (Main Office) | 2333 Nave Rd SE MASSILLON, OH 44646-8822 |
Phone: | (330) 833-8337 |
Fax: | (330) 833-9423 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 425 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 96652 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 0 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,340,637 |
CEO/Manager: | Kimberly A Lowe |
Chairperson: | Lester D Stark |
ASSETS: | $ Amount |
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Cash & Equivalents | 46,329 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 127,851 |
Other Loans | 823,648 |
TOTAL LOANS | 951,500 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,021 |
Land And Building | 0 |
Other Fixed Assets | 1,324 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 1,340,637 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 295 |
Notes & Interest Payable | 25,000 |
Accounts Payable & Other Liabilities | 281 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,160,234 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,160,234 |
TOTAL LIABILITIES | 1,185,810 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 154,827 |
TOTAL EQUITY | 154,827 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,340,637 |
INCOME & EXPENSE | |
Loan Income | 37,119 |
Investment Income | 12,941 |
Other Income | 1,429 |
Total Employee Compensation & Benefits | 26,880 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,295 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 500 |
Cost of Funds | 949 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,991 |
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