Dec, 31, 2023 — BACK MOUNTAIN FEDERAL CREDIT UNION is a federal credit union headquartered in SHAVERTOWN, PA with 1 branch location and about $9.23 million in total assets. Opened 51 years ago in 1973, BACK MOUNTAIN FEDERAL CREDIT UNION has about 710 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BACK MOUNTAIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1501 Memorial Hwy SHAVERTOWN, PA 18708 |
| Phone: | (570) 696-1633 |
| Fax: | (570) 696-1643 |
| Website: | https://backmtnfcu.com |
| Branches: | 1 branch locations |
| Members: | 710 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21458 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,225,208 |
| CEO/Manager: | Patricia Feher |
| Chairperson: | William Hardwick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 617,131 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 294,103 |
| Unsecured Loans | 653,604 |
| Other Loans | 2,660,575 |
| TOTAL LOANS | 3,608,282 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,087 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 83,317 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,225,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,290,828 |
| All Other Shares & Deposits | 5,135,332 |
| TOTAL SHARES & DEPOSITS | 7,426,160 |
| TOTAL LIABILITIES | 7,433,535 |
| Regular Reserve | 0 |
| Other Reserves | 112,609 |
| Undivided Earnings | 1,679,064 |
| TOTAL EQUITY | 1,791,673 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,225,208 |
| INCOME & EXPENSE | |
| Loan Income | 191,459 |
| Investment Income | 92,989 |
| Other Income | 260 |
| Total Employee Compensation & Benefits | 76,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 74,819 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,183 |
| Cost of Funds | 118,506 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -23,526 |
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