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I R E B FEDERAL CREDIT UNION

Mar, 31, 2021 — I R E B FEDERAL CREDIT UNION is a federal credit union headquartered in Brooklyn, NY with 1 branch location and about $3.40 million in total assets. Opened 66 years ago in 1955, I R E B FEDERAL CREDIT UNION has about 337 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: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:337
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:$3,403,118
CEO/Manager:Andrew Rosenblatt
Chairperson:Louisa Battimelli

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 464,681
TOTAL INVESTMENTS 2,450,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 469,556
 Other Loans 11,651
 TOTAL LOANS 481,207
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -36,815
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 28,272
 All Other Assets 15,773
  TOTAL ASSETS 3,403,118
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 2,870,792
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,870,792
  TOTAL LIABILITIES 2,870,792
 Regular Reserve 194,715
 Other Reserves 0
 Undivided Earnings 337,611
  TOTAL EQUITY 532,326
  TOTAL LIABILITIES, SHARES, & EQUITY 3,403,118
INCOME & EXPENSE  
 Loan Income 14,425
 Investment Income 7,955
 Other Income 1,906
 Total Employee Compensation & Benefits 23,058
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 718
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,780
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,204
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