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BEREAN CREDIT UNION

Dec, 31, 2023 — BEREAN CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $214,355 in total assets. Opened 69 years ago in 1955, BEREAN CREDIT UNION has about 255 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BEREAN CREDIT UNION
Address:
(Main Office)
5147 S Dearborn St
CHICAGO, IL 60609-5327
Phone:(773) 924-0381
Fax:(773) 924-0381
Website:n/a
Branches:1 branch locations
Members:255
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66089
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$214,355
CEO/Manager:Stanley N Washington
Chairperson:William Robinson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 167,826
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 6,434
 Other Loans 0
 TOTAL LOANS 6,434
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -427
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 1,280
 All Other Assets 0
  TOTAL ASSETS 214,355
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 55,442
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 133,833
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 133,833
  TOTAL LIABILITIES 189,275
 Regular Reserve 0
 Other Reserves 19,790
 Undivided Earnings 5,290
  TOTAL EQUITY 25,080
  TOTAL LIABILITIES, SHARES, & EQUITY 214,355
INCOME & EXPENSE  
 Loan Income 1,145
 Investment Income 1,148
 Other Income 130
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,902
 Non-operating Income & (Expense) 69,600
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,121
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