Dec, 31, 2023 — BLUE CHIP FEDERAL CREDIT UNION is a federal credit union headquartered in HARRISBURG, PA with 2 branch locations and about $41.63 million in total assets. Opened 76 years ago in 1948, BLUE CHIP FEDERAL CREDIT UNION has about 3,615 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BLUE CHIP FEDERAL CREDIT UNION |
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Address: (Main Office) | 5050 Derry St HARRISBURG, PA 17111-5606 |
Phone: | (717) 564-3081 |
Fax: | (717) 564-1469 |
Website: | https://www.bluechipfcu.org |
Branches: | 2 branch locations |
Members: | 3,615 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24385 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Jan 01, 2024 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,629,291 |
CEO/Manager: | Matthew White |
Chairperson: | Brian Henry |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,069,780 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,202,263 |
Unsecured Loans | 3,927,725 |
Other Loans | 12,070,008 |
TOTAL LOANS | 20,199,997 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,272 |
Land And Building | 591,950 |
Other Fixed Assets | 47,417 |
NCUSIF Deposit | 392,703 |
All Other Assets | 0 |
TOTAL ASSETS | 41,629,291 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -18,971 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,456,852 |
Regular shares | 20,998,751 |
All Other Shares & Deposits | 8,840,472 |
TOTAL SHARES & DEPOSITS | 36,296,075 |
TOTAL LIABILITIES | 36,277,104 |
Regular Reserve | 0 |
Other Reserves | 402,695 |
Undivided Earnings | 4,949,492 |
TOTAL EQUITY | 5,352,187 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,629,291 |
INCOME & EXPENSE | |
Loan Income | 1,219,807 |
Investment Income | 513,134 |
Other Income | 185,248 |
Total Employee Compensation & Benefits | 891,253 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 985,484 |
Non-operating Income & (Expense) | 561,522 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 81,956 |
Cost of Funds | 108,033 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 412,985 |
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