Dec, 31, 2023 — IRVIN WORKS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MIFFLIN, PA with 2 branch locations and about $32.79 million in total assets. Opened 82 years ago in 1942, IRVIN WORKS FEDERAL CREDIT UNION has about 2,261 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: | IRVIN WORKS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1301 Camp Hollow Rd WEST MIFFLIN, PA 15122 |
Phone: | (412) 469-0410 |
Fax: | (412) 469-0298 |
Website: | https://www.steelstrongcfcu.org |
Branches: | 2 branch locations |
Members: | 2,261 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4828 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $32,792,649 |
CEO/Manager: | Sandra L Abels |
Chairperson: | Michael Juliano |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,488,777 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,183,793 |
Unsecured Loans | 3,887,804 |
Other Loans | 8,173,452 |
TOTAL LOANS | 15,245,049 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,750 |
Land And Building | 0 |
Other Fixed Assets | 25,124 |
NCUSIF Deposit | 251,994 |
All Other Assets | 0 |
TOTAL ASSETS | 32,792,649 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 775 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,557,447 |
Regular shares | 17,013,625 |
All Other Shares & Deposits | 4,231,205 |
TOTAL SHARES & DEPOSITS | 25,802,277 |
TOTAL LIABILITIES | 25,803,052 |
Regular Reserve | 0 |
Other Reserves | -233,213 |
Undivided Earnings | 7,222,810 |
TOTAL EQUITY | 6,989,597 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,792,649 |
INCOME & EXPENSE | |
Loan Income | 990,135 |
Investment Income | 220,593 |
Other Income | 52,336 |
Total Employee Compensation & Benefits | 425,346 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 510,887 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,560 |
Cost of Funds | 99,429 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 309,889 |
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