LOCAL 20 IBEW Credit Union Profile

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LOCAL 20 IBEW

Charter #16429 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (214) 363-9223

Fax: (214) 363-5836

Founding Date: N/A

Website: http://www.local20ibewfcu.com

Personnel & Operations

President: Jolly, Patrick

Manager: Everitt, Kenneth

FT Employees: 3

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 98

Branches: 1

Hours: MONDAY THRU FRIDAY, 8:30AM TO 5:00PM,

Credit Union Profile Summary

LOCAL 20 IBEW is a FCU Credit Union. With a total of 3,547 members [1], this institution manages approximately $8,248,228 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 7.26% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.55% [1].

Financial Snapshot

Total Assets [1]
$8,248,228

Total economic resources.

Total Loans [1]
$4,335,081

Total value of outstanding loans.

Total Deposits [1]
$7,631,490

Total funds deposited by members.

Members [1]
3,547

Number of active members.

Performance Ratios

Net Worth Ratio [1]
7.26%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.44%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
56.81%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
8.49%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
-2.55%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
19.03%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

688 W TARRANT RD

GRAND PRAIRIE, TX, 75050

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by LOCAL 20 IBEW (Charter #16429).

Main Office

Local 20 IBEW FCU Main Office

Type: Corporate Office

688 W Tarrant Rd

Grand Prairie, TX 75050

Phone: (214) 363-9223

Services: Member Services

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