Dec, 31, 2023 — BCBST EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $11.43 million in total assets. Opened 53 years ago in 1971, BCBST EMPLOYEES CREDIT UNION has about 2,050 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: | BCBST EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Cameron Hill Cir CHATTANOOGA, TN 37402 |
| Phone: | (423) 535-6103 |
| Fax: | (423) 535-4801 |
| Website: | https://www.bcbstecu.com |
| Branches: | 1 branch locations |
| Members: | 2,050 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67738 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,431,067 |
| CEO/Manager: | Channon Hamilton |
| Chairperson: | Patrick Sullivan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,232,853 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 72,245 |
| Unsecured Loans | 847,582 |
| Other Loans | 2,526,305 |
| TOTAL LOANS | 3,446,132 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,544 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 111,715 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,431,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 90,980 |
| Accounts Payable & Other Liabilities | 174,535 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,389,788 |
| Regular shares | 7,452,998 |
| All Other Shares & Deposits | 373,721 |
| TOTAL SHARES & DEPOSITS | 9,216,508 |
| TOTAL LIABILITIES | 9,482,023 |
| Regular Reserve | 0 |
| Other Reserves | 217,897 |
| Undivided Earnings | 1,731,147 |
| TOTAL EQUITY | 1,949,044 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,431,067 |
| INCOME & EXPENSE | |
| Loan Income | 179,991 |
| Investment Income | 145,303 |
| Other Income | 87,812 |
| Total Employee Compensation & Benefits | 170,608 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 255,543 |
| Non-operating Income & (Expense) | 73,981 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,000 |
| Cost of Funds | 18,936 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,000 |
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