Dec, 31, 2023 — IRON WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $6.00 million in total assets. Opened 61 years ago in 1963, IRON WORKERS FEDERAL CREDIT UNION has about 3,460 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IRON WORKERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2201 Liberty Ave Ste 201 PITTSBURGH, PA 15222-4512 |
| Phone: | (412) 471-1133 |
| Fax: | (412) 471-1547 |
| Website: | https://iwfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,460 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15797 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,995,995 |
| CEO/Manager: | Jennifer A Vogt |
| Chairperson: | Richard E Danko, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 248,935 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 480,103 |
| Unsecured Loans | 619,402 |
| Other Loans | 1,274,811 |
| TOTAL LOANS | 2,374,316 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,894 |
| Land And Building | 0 |
| Other Fixed Assets | 7,780 |
| NCUSIF Deposit | 61,498 |
| All Other Assets | 8,000 |
| TOTAL ASSETS | 5,995,995 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,072 |
| Notes & Interest Payable | 127,805 |
| Accounts Payable & Other Liabilities | 21,844 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 311,589 |
| Regular shares | 4,726,377 |
| All Other Shares & Deposits | 441,856 |
| TOTAL SHARES & DEPOSITS | 5,479,822 |
| TOTAL LIABILITIES | 5,630,543 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 365,452 |
| TOTAL EQUITY | 365,452 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,995,995 |
| INCOME & EXPENSE | |
| Loan Income | 120,000 |
| Investment Income | 111,399 |
| Other Income | 31,203 |
| Total Employee Compensation & Benefits | 103,406 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 182,259 |
| Non-operating Income & (Expense) | -10,171 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,000 |
| Cost of Funds | 9,249 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -90,413 |
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