Dec, 31, 2023 — NORRISTOWN BELL CREDIT UNION is a federally insured state chartered credit union headquartered in BLUE BELL, PA with 1 branch location and about $51.85 million in total assets. Opened 84 years ago in 1940, NORRISTOWN BELL CREDIT UNION has about 3,692 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORRISTOWN BELL CREDIT UNION |
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Address: (Main Office) | 1407 Erbs Mill Rd BLUE BELL, PA 19422-3579 |
Phone: | (610) 275-8440 |
Fax: | (610) 275-6473 |
Website: | https://www.3hillcu.com |
Branches: | 1 branch locations |
Members: | 3,692 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68297 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,846,076 |
CEO/Manager: | Benjamin P Young |
Chairperson: | Albert Lau |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,646,459 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,632,378 |
Unsecured Loans | 1,069,652 |
Other Loans | 3,417,130 |
TOTAL LOANS | 21,119,161 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,989 |
Land And Building | 175,185 |
Other Fixed Assets | 35,849 |
NCUSIF Deposit | 505,069 |
All Other Assets | 0 |
TOTAL ASSETS | 51,846,076 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 35,745 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,216,747 |
Regular shares | 31,699,866 |
All Other Shares & Deposits | 8,987,935 |
TOTAL SHARES & DEPOSITS | 48,904,549 |
TOTAL LIABILITIES | 48,940,294 |
Regular Reserve | 0 |
Other Reserves | -3,611,022 |
Undivided Earnings | 6,516,804 |
TOTAL EQUITY | 2,905,782 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,846,076 |
INCOME & EXPENSE | |
Loan Income | 898,190 |
Investment Income | 712,021 |
Other Income | 35,940 |
Total Employee Compensation & Benefits | 996,519 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 818,101 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,173 |
Cost of Funds | 192,116 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -272,561 |
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