Dec, 31, 2023 — BRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in POWELL, OH with 9 branch locations and about $194.91 million in total assets. Opened 57 years ago in 1967, BRIDGE CREDIT UNION has about 20,298 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRIDGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 10567 Sawmill Pkwy POWELL, OH 43065-6672 |
| Phone: | (800) 434-7300 |
| Fax: | |
| Website: | https://www.bridgecu.org |
| Branches: | 9 branch locations |
| Members: | 20,298 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62406 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $194,911,489 |
| CEO/Manager: | Jarod N Bach |
| Chairperson: | Julie Ray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,426,947 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,237,967 |
| Unsecured Loans | 19,698,474 |
| Other Loans | 54,815,043 |
| TOTAL LOANS | 112,751,484 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,323,028 |
| Land And Building | 6,129,023 |
| Other Fixed Assets | 946,230 |
| NCUSIF Deposit | 1,720,455 |
| All Other Assets | 0 |
| TOTAL ASSETS | 194,911,489 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 86 |
| Notes & Interest Payable | 109,290 |
| Accounts Payable & Other Liabilities | 2,171,383 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,460,989 |
| Regular shares | 77,690,901 |
| All Other Shares & Deposits | 65,979,883 |
| TOTAL SHARES & DEPOSITS | 171,131,773 |
| TOTAL LIABILITIES | 173,412,532 |
| Regular Reserve | 0 |
| Other Reserves | 7,617,630 |
| Undivided Earnings | 13,881,327 |
| TOTAL EQUITY | 21,498,957 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 194,911,489 |
| INCOME & EXPENSE | |
| Loan Income | 6,931,322 |
| Investment Income | 2,616,192 |
| Other Income | 1,901,937 |
| Total Employee Compensation & Benefits | 4,520,594 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,900,185 |
| Non-operating Income & (Expense) | 804,761 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 984,652 |
| Cost of Funds | 1,562,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,400,695 |
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