Dec, 31, 2023 — BLUE FLAME CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 1 branch location and about $9.66 million in total assets. Opened 70 years ago in 1954, BLUE FLAME CREDIT UNION has about 809 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BLUE FLAME CREDIT UNION |
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Address: (Main Office) | 220 Furr St MOBILE, AL 36607 |
Phone: | (251) 450-4804 |
Fax: | (251) 450-4890 |
Website: | https://blueflamecreditunion.org |
Branches: | 1 branch locations |
Members: | 809 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64644 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,658,572 |
CEO/Manager: | Jackie Wiley |
Chairperson: | Patrick McKeown |
ASSETS: | $ Amount |
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Cash & Equivalents | 987,342 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 90,304 |
Unsecured Loans | 415,953 |
Other Loans | 4,369,754 |
TOTAL LOANS | 4,876,011 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,060 |
Land And Building | 0 |
Other Fixed Assets | 13 |
NCUSIF Deposit | 81,705 |
All Other Assets | 0 |
TOTAL ASSETS | 9,658,572 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 352,101 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 859,613 |
Regular shares | 6,166,195 |
All Other Shares & Deposits | 892,857 |
TOTAL SHARES & DEPOSITS | 7,918,665 |
TOTAL LIABILITIES | 8,270,766 |
Regular Reserve | 0 |
Other Reserves | 350,000 |
Undivided Earnings | 1,037,806 |
TOTAL EQUITY | 1,387,806 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,658,572 |
INCOME & EXPENSE | |
Loan Income | 320,968 |
Investment Income | 94,376 |
Other Income | 43,597 |
Total Employee Compensation & Benefits | 183,009 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 134,705 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 65,816 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 78,321 |
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