IBEW 116 Federal Credit Union


Overview / Commentary
817-335-3658
603 S ADAMS ST STE 10A
FORT WORTH, TX 76104-3023

IBEW 116 Federal Credit Union is headquartered in FORT WORTH and is the 395th largest credit union in the state of Texas. It is also the 4,644th largest credit union in the nation. It was established in 1969 and as of December of 2019, it had grown to 2 employees and 887 members at 1 location. IBEW 116 Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership in IBEW 116 Credit Union is open to members of IBEW Local Union 20, IBEW Local Union 220, and Plumbers and Steamfitters Local Union No 146.
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. IBEW 116 Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #19393
Year Chartered1969
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.07%
Return on Equity - YTD0.85%
Annual Interest Income$156.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$4.1MM$4.3MM
LoansQ4 2019vs Q4 2018$1.7MM$1.7MM
DepositsQ4 2019vs Q4 2018$3.7MM$3.9MM
Equity CapitalQ4 2019vs Q4 2018$353.00K$349.00K
Loan Loss AllowanceQ4 2019vs Q4 2018$8.00K$9.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1,000$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

IBEW 116 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.86%*$90k*-IRA Share Account
OTHER TIERS: 0.25% $25 - $20k | 0.35% $20k - $50k | 0.66% $50k - $90k
0.30%*$50k*-Share Savings Account
OTHER TIERS: 0.05% $100 - $2.5k | 0.15% $2.5k - $20k | 0.20% $20k - $50k
0.10%$500-Vacation Shares Account

IBEW 116 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Share Draft Account

IBEW 116 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1k-24 Month Share Certificate
0.35%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate

IBEW 116 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1k-24 Month IRA Certificate
0.35%$1k-12 Month IRA Certificate
0.25%$1k-6 Month IRA Certificate
Locations


IBEW 116 Federal Credit Union Locations
Branch Office603 S ADAMS ST STE 10AFORT WORTH, TX 76104-3023

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