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BACHARACH EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — BACHARACH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in New Kensington, PA with 1 branch location and about $148,975 in total assets. Opened 75 years ago in 1949, BACHARACH EMPLOYEES FEDERAL CREDIT UNION has about 33 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BACHARACH EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
621 Hunt Valley Cir
New Kensington, PA 15068-7074
Phone:(724) 334-5004
Fax:
Website:n/a
Branches:1 branch locations
Members:33
Credit Union Type:Federal Credit Union
Charter Number:5985
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jan 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$148,975
CEO/Manager:Daniel J Chemsak
Chairperson:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 111,120
TOTAL INVESTMENTS 3,068
Loans Held for Sale 2
 
 Real Estate Loans 0
 Unsecured Loans 9,187
 Other Loans 24,054
 TOTAL LOANS 33,241
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -498
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 847
 All Other Assets 1,195
  TOTAL ASSETS 148,975
LIABILITIES & CAPITAL:  
 Dividends Payable 73
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 689
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 126,246
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 126,246
  TOTAL LIABILITIES 127,008
 Regular Reserve 19,955
 Other Reserves 0
 Undivided Earnings 2,012
  TOTAL EQUITY 21,967
  TOTAL LIABILITIES, SHARES, & EQUITY 148,975
INCOME & EXPENSE  
 Loan Income 384
 Investment Income 6
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,003
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 74
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,687
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