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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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