I.B.E.W. LOCAL #681 Credit Union Profile

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I.B.E.W. LOCAL #681

Charter #61021 | NCUA Region 2 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (940) 723-1277

Fax: (940) 723-9301

Founding Date: N/A

Personnel & Operations

President: Wachsmann, Matt

Manager: Gilley, Crystal

FT Employees: 0

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: MONDAY AND WEDNESDAY'S 1:00 P.M. TO 5:00 P.

Credit Union Profile Summary

I.B.E.W. LOCAL #681 is a FISCU Credit Union. With a total of 347 members [1], this institution manages approximately $742,422 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 4.88% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -19.99% [1].

Financial Snapshot

Total Assets [1]
$742,422

Total economic resources.

Total Loans [1]
$398,549

Total value of outstanding loans.

Total Deposits [1]
$705,064

Total funds deposited by members.

Members [1]
347

Number of active members.

Performance Ratios

Net Worth Ratio [1]
4.88%

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]
-4.32%

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

Loan-to-Share Ratio [1]
56.53%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
-3.37%

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

Loan Growth (4Q) [1]
-19.99%

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

Member Growth (4Q) [1]
2.66%

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

Headquarters Location & Map

Headquarters Address

6111 OLD JACKSBORO HWY

WICHITA FALLS, TX, 76302-5503

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 I.B.E.W. LOCAL #681 (Charter #61021).

Main Office

IBEW Local 681 Credit Union Main Office

Type: Corporate Office

6111 Old Jacksboro Hwy

Wichita Falls, TX 76302-5503

Phone: (940) 723-1277

Services: Member Services

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