Dec, 31, 2023 — BAY SHORE CREDIT UNION is a federally insured state chartered credit union headquartered in MARINETTE, WI with 1 branch location and about $42.34 million in total assets. Opened 71 years ago in 1953, BAY SHORE CREDIT UNION has about 3,368 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAY SHORE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1514 Cleveland Ave MARINETTE, WI 54143-3921 |
| Phone: | (715) 732-0065 |
| Fax: | (715) 732-2794 |
| Website: | https://www.bayshorecu.org |
| Branches: | 1 branch locations |
| Members: | 3,368 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66549 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,341,389 |
| CEO/Manager: | Vicki Carviou |
| Chairperson: | Mitch Hubert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,970,293 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,479,107 |
| Unsecured Loans | 1,211,070 |
| Other Loans | 15,713,676 |
| TOTAL LOANS | 20,403,853 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,576 |
| Land And Building | 65,935 |
| Other Fixed Assets | 17,176 |
| NCUSIF Deposit | 372,221 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,341,389 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 832 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 672,113 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,966,715 |
| Regular shares | 22,457,380 |
| All Other Shares & Deposits | 6,125,258 |
| TOTAL SHARES & DEPOSITS | 34,549,354 |
| TOTAL LIABILITIES | 35,222,328 |
| Regular Reserve | 0 |
| Other Reserves | 825,278 |
| Undivided Earnings | 6,293,783 |
| TOTAL EQUITY | 7,119,061 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,341,389 |
| INCOME & EXPENSE | |
| Loan Income | 1,001,865 |
| Investment Income | 549,578 |
| Other Income | 112,791 |
| Total Employee Compensation & Benefits | 694,727 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 551,043 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,332 |
| Cost of Funds | 96,744 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 540,073 |
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