Dec, 31, 2023 — BEEHIVE FEDERAL CREDIT UNION is a federal credit union headquartered in REXBURG, ID with 6 branch locations and about $598.06 million in total assets. Opened 64 years ago in 1960, BEEHIVE FEDERAL CREDIT UNION has about 33,998 members and employs 121 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BEEHIVE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1087 Erikson Dr REXBURG, ID 83440 |
Phone: | (208) 656-1000 |
Fax: | (208) 656-8585 |
Website: | https://www.beehive.org |
Branches: | 6 branch locations |
Members: | 33,998 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13741 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $598,064,946 |
CEO/Manager: | Craig E Gummow |
Chairperson: | Thaine W Robinson |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,887,916 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,637,948 |
Real Estate Loans | 345,287,760 |
Unsecured Loans | 8,632,491 |
Other Loans | 106,586,647 |
TOTAL LOANS | 460,506,897 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -666,465 |
Land And Building | 8,408,250 |
Other Fixed Assets | 442,897 |
NCUSIF Deposit | 4,487,172 |
All Other Assets | 0 |
TOTAL ASSETS | 598,064,946 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 793,986 |
Notes & Interest Payable | 88,366,000 |
Accounts Payable & Other Liabilities | -329,068 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 94,941,098 |
Regular shares | 105,753,353 |
All Other Shares & Deposits | 273,181,874 |
TOTAL SHARES & DEPOSITS | 473,876,325 |
TOTAL LIABILITIES | 562,707,243 |
Regular Reserve | 0 |
Other Reserves | -12,941,217 |
Undivided Earnings | 48,298,920 |
TOTAL EQUITY | 35,357,703 |
TOTAL LIABILITIES, SHARES, & EQUITY | 598,064,946 |
INCOME & EXPENSE | |
Loan Income | 19,325,859 |
Investment Income | 2,801,286 |
Other Income | 1,946,421 |
Total Employee Compensation & Benefits | 8,602,294 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,334,708 |
Non-operating Income & (Expense) | -2,441 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 108,239 |
Cost of Funds | 9,630,195 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,453,585 |
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