Dec, 31, 2023 — LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION is a federal credit union headquartered in ORCHARD PARK, NY with 1 branch location and about $15.98 million in total assets. Opened 48 years ago in 1976, LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION has about 1,895 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL 41 I.B.E.W. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3564 California Rd ORCHARD PARK, NY 14127 |
| Phone: | (716) 662-6133 |
| Fax: | (716) 662-0160 |
| Website: | https://www.local41fcu.com |
| Branches: | 1 branch locations |
| Members: | 1,895 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22447 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,975,293 |
| CEO/Manager: | Stacy L Bognar |
| Chairperson: | Richard Ehlers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,213,710 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,761,982 |
| Unsecured Loans | 723,219 |
| Other Loans | 4,451,240 |
| TOTAL LOANS | 8,936,441 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,635 |
| Land And Building | 0 |
| Other Fixed Assets | 31,411 |
| NCUSIF Deposit | 151,550 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,975,293 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,127 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,217,688 |
| Regular shares | 11,785,832 |
| All Other Shares & Deposits | 349,373 |
| TOTAL SHARES & DEPOSITS | 14,352,895 |
| TOTAL LIABILITIES | 14,365,022 |
| Regular Reserve | 0 |
| Other Reserves | 181,595 |
| Undivided Earnings | 1,428,676 |
| TOTAL EQUITY | 1,610,271 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,975,293 |
| INCOME & EXPENSE | |
| Loan Income | 421,933 |
| Investment Income | 277,438 |
| Other Income | 74,748 |
| Total Employee Compensation & Benefits | 223,303 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 224,441 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,580 |
| Cost of Funds | 26,832 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 302,153 |
| ↑ Back to Top | |