Dec, 31, 2023 — BELLCO FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMISSING, PA with 2 branch locations and about $173.45 million in total assets. Opened 86 years ago in 1938, BELLCO FEDERAL CREDIT UNION has about 13,379 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BELLCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 609 Spring St WYOMISSING, PA 19610 |
Phone: | (610) 373-5192 |
Fax: | (610) 373-4442 |
Website: | https://www.bellcocu.org |
Branches: | 2 branch locations |
Members: | 13,379 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2531 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $173,450,156 |
CEO/Manager: | Thomas H Gosling |
Chairperson: | Eric Rosenberger |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,698,205 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 88,718,475 |
Unsecured Loans | 7,295,297 |
Other Loans | 42,839,881 |
TOTAL LOANS | 138,853,655 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -620,714 |
Land And Building | 2,618,239 |
Other Fixed Assets | 87,033 |
NCUSIF Deposit | 1,531,589 |
All Other Assets | 110,898 |
TOTAL ASSETS | 173,450,156 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,089,982 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 31,962,198 |
Regular shares | 47,092,915 |
All Other Shares & Deposits | 80,011,758 |
TOTAL SHARES & DEPOSITS | 159,066,872 |
TOTAL LIABILITIES | 161,156,854 |
Regular Reserve | 0 |
Other Reserves | 4,815,941 |
Undivided Earnings | 7,477,361 |
TOTAL EQUITY | 12,293,302 |
TOTAL LIABILITIES, SHARES, & EQUITY | 173,450,156 |
INCOME & EXPENSE | |
Loan Income | 6,675,902 |
Investment Income | 788,627 |
Other Income | 821,016 |
Total Employee Compensation & Benefits | 2,647,691 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,692,266 |
Non-operating Income & (Expense) | -6,779 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 496,913 |
Cost of Funds | 1,343,132 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,444,238 |
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