IBEW LOCAL UNION 80 Credit Union Profile

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IBEW LOCAL UNION 80

Charter #20004 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (757) 480-1767

Fax: (757) 480-3038

Founding Date: N/A

Personnel & Operations

President: Huban, James

Manager: Fortner, Angela

FT Employees: 1

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: Mon - Fri 8am - 5 pm

Credit Union Profile Summary

IBEW LOCAL UNION 80 is a FCU Credit Union. With a total of 739 members [1], this institution manages approximately $1,765,010 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 11.97% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 19.66% [1].

Financial Snapshot

Total Assets [1]
$1,765,010

Total economic resources.

Total Loans [1]
$394,501

Total value of outstanding loans.

Total Deposits [1]
$1,550,399

Total funds deposited by members.

Members [1]
739

Number of active members.

Performance Ratios

Net Worth Ratio [1]
11.97%

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]
2.34%

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

Loan-to-Share Ratio [1]
25.45%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
15.74%

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

Loan Growth (4Q) [1]
19.66%

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

Member Growth (4Q) [1]
8.20%

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

Headquarters Location & Map

Headquarters Address

5307 E Virginia Beach Blvd

Norfolk, VA, 23502

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 IBEW LOCAL UNION 80 (Charter #20004).

Main Office

Corporate Main Office

Type: Corporate Office

828 Providence Rd

Chesapeake, VA 23325-4012

Phone: (757) 480-1767

Services: None specified

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