Dec, 31, 2023 — BEACON COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 3 branch locations and about $74.85 million in total assets. Opened 77 years ago in 1947, BEACON COMMUNITY CREDIT UNION has about 10,580 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEACON COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 7910 National Tpke LOUISVILLE, KY 40214 |
| Phone: | (502) 366-6022 |
| Fax: | (502) 366-6297 |
| Website: | https://www.beaconccu.org |
| Branches: | 3 branch locations |
| Members: | 10,580 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60883 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $74,854,614 |
| CEO/Manager: | Penny L Haseker |
| Chairperson: | Raymond Jacobi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,739,872 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,281,550 |
| Unsecured Loans | 2,956,247 |
| Other Loans | 19,983,973 |
| TOTAL LOANS | 37,221,770 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -313,902 |
| Land And Building | 5,490,051 |
| Other Fixed Assets | 211,504 |
| NCUSIF Deposit | 655,471 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,854,614 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,410,204 |
| Accounts Payable & Other Liabilities | 1,048,965 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,021,081 |
| Regular shares | 31,919,144 |
| All Other Shares & Deposits | 19,037,054 |
| TOTAL SHARES & DEPOSITS | 64,977,278 |
| TOTAL LIABILITIES | 67,436,447 |
| Regular Reserve | 0 |
| Other Reserves | 286,106 |
| Undivided Earnings | 7,132,061 |
| TOTAL EQUITY | 7,418,167 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,854,614 |
| INCOME & EXPENSE | |
| Loan Income | 1,805,782 |
| Investment Income | 490,814 |
| Other Income | 920,737 |
| Total Employee Compensation & Benefits | 1,585,837 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,986,510 |
| Non-operating Income & (Expense) | -2,981 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 287,010 |
| Cost of Funds | 388,389 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,121 |
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