LOCAL 41 I.B.E.W. Credit Union Profile

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LOCAL 41 I.B.E.W.

Charter #22447 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (716) 662-6133

Fax: (716) 662-0160

Founding Date: N/A

Website: http://WWW.LOCAL41FCU.COM

Personnel & Operations

President: Ehlers, Richard

Manager: Bognar, Stacy

FT Employees: 4

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: MON, TUES, THURS & FRI 9:30 AM - 5:00 PM W

Credit Union Profile Summary

LOCAL 41 I.B.E.W. is a FCU Credit Union. With a total of 2,000 members [1], this institution manages approximately $16,951,592 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 12.5% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -1.10% [1].

Financial Snapshot

Total Assets [1]
$16,951,592

Total economic resources.

Total Loans [1]
$9,378,984

Total value of outstanding loans.

Total Deposits [1]
$14,807,306

Total funds deposited by members.

Members [1]
2,000

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.5%

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]
1.60%

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

Loan-to-Share Ratio [1]
63.34%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
-0.17%

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

Loan Growth (4Q) [1]
-1.10%

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

Member Growth (4Q) [1]
-3.05%

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

Headquarters Location & Map

Headquarters Address

3564 CALIFORNIA RD

ORCHARD PARK, NY, 14127

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 41 I.B.E.W. (Charter #22447).

Main Office

Local 41 IBEW FCU Main Office

Type: Corporate Office

3564 California Rd

Orchard Park, NY 14127

Phone: (716) 662-6133

Services: Member Services

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