Dec, 31, 2023 — B. BRAUN FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 1 branch location and about $2.08 million in total assets. Opened 44 years ago in 1980, B. BRAUN FEDERAL CREDIT UNION has about 903 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | B. BRAUN FEDERAL CREDIT UNION |
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Address: (Main Office) | 901 Marcon Blvd ALLENTOWN, PA 18109 |
Phone: | (610) 596-2399 |
Fax: | (610) 266-5702 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 903 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23725 |
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Membership Type: | Manufacturing - Chemicals |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,079,641 |
CEO/Manager: | Beth Re |
Chairperson: | Kevin Minnich |
ASSETS: | $ Amount |
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Cash & Equivalents | 121,153 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 63,009 |
Other Loans | 649,474 |
TOTAL LOANS | 712,483 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 0 |
Land And Building | 0 |
Other Fixed Assets | 70,533 |
NCUSIF Deposit | 22,346 |
All Other Assets | 0 |
TOTAL ASSETS | 2,079,641 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,715,269 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,715,269 |
TOTAL LIABILITIES | 1,715,269 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 364,372 |
TOTAL EQUITY | 364,372 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,079,641 |
INCOME & EXPENSE | |
Loan Income | 23,473 |
Investment Income | 49,847 |
Other Income | 324 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,155 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,677 |
Cost of Funds | 3,700 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 41,262 |
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