Dec, 31, 2023 — I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $13.60 million in total assets. Opened 50 years ago in 1974, I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION has about 1,438 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | I.B.E.W. - LOCAL NO. 5 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5 Hot Metal St Ste 201 PITTSBURGH, PA 15203-2351 |
| Phone: | (412) 432-1152 |
| Fax: | (412) 431-4659 |
| Website: | https://ibew5.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 1,438 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21782 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Nov 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,601,143 |
| CEO/Manager: | Kathleen Saffer |
| Chairperson: | Michael J Berta |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 310,845 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,745,636 |
| Unsecured Loans | 321,501 |
| Other Loans | 5,078,037 |
| TOTAL LOANS | 7,145,174 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,984 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 119,162 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,601,143 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,100,000 |
| Accounts Payable & Other Liabilities | 60 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 10,467,879 |
| All Other Shares & Deposits | 270,331 |
| TOTAL SHARES & DEPOSITS | 10,738,210 |
| TOTAL LIABILITIES | 11,838,270 |
| Regular Reserve | 0 |
| Other Reserves | 105,222 |
| Undivided Earnings | 1,657,651 |
| TOTAL EQUITY | 1,762,873 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,601,143 |
| INCOME & EXPENSE | |
| Loan Income | 282,594 |
| Investment Income | 162,336 |
| Other Income | 3,156 |
| Total Employee Compensation & Benefits | 103,875 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 98,830 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 95,217 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 159,204 |
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