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I R E B FEDERAL CREDIT UNION

Jun, 30, 2023 — I R E B FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $3.33 million in total assets. Opened 69 years ago in 1955, I R E B FEDERAL CREDIT UNION has about 302 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:I R E B FEDERAL CREDIT UNION
Address:
(Main Office)
2 Metrotech Ctr Fl 7
BROOKLYN, NY 11201-3838
Phone:(718) 246-8238
Fax:(718) 246-3902
Website:n/a
Branches:1 branch locations
Members:302
Credit Union Type:Federal Credit Union
Charter Number:9952
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1955
Last Audited:Mar 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$3,325,755
CEO/Manager:Andrew Rosenblatt
Chairperson:Louisa Battimelli

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 331,459
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 461,619
 Other Loans 9,679
 TOTAL LOANS 471,298
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,504
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 28,096
 All Other Assets 0
  TOTAL ASSETS 3,325,755
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,806,791
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,806,791
  TOTAL LIABILITIES 2,806,791
 Regular Reserve 0
 Other Reserves 194,715
 Undivided Earnings 324,249
  TOTAL EQUITY 518,964
  TOTAL LIABILITIES, SHARES, & EQUITY 3,325,755
INCOME & EXPENSE  
 Loan Income 40,932
 Investment Income 21,653
 Other Income 5,314
 Total Employee Compensation & Benefits 61,022
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,507
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,275
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,769
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