Dec, 31, 2023 — BEVERLY HILLS CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BEVERLY HILLS, CA with 2 branch locations and about $19.10 million in total assets. Opened 70 years ago in 1954, BEVERLY HILLS CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,333 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEVERLY HILLS CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9298 W 3RD ST BEVERLY HILLS, CA 90210 |
| Phone: | (310) 275-3802 |
| Fax: | (310) 275-2161 |
| Website: | https://www.bhcefcu.org |
| Branches: | 2 branch locations |
| Members: | 1,333 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9823 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,097,170 |
| CEO/Manager: | Valine Winston |
| Chairperson: | KLARY PUCCI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 220,307 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,221,239 |
| Unsecured Loans | 1,507,581 |
| Other Loans | 2,529,272 |
| TOTAL LOANS | 7,258,092 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,492 |
| Land And Building | 0 |
| Other Fixed Assets | 12,927 |
| NCUSIF Deposit | 188,291 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,097,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 337 |
| Notes & Interest Payable | 389,817 |
| Accounts Payable & Other Liabilities | 140,062 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,592,889 |
| Regular shares | 6,605,825 |
| All Other Shares & Deposits | 5,986,990 |
| TOTAL SHARES & DEPOSITS | 16,185,703 |
| TOTAL LIABILITIES | 16,715,919 |
| Regular Reserve | 0 |
| Other Reserves | -154,335 |
| Undivided Earnings | 2,535,586 |
| TOTAL EQUITY | 2,381,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,097,170 |
| INCOME & EXPENSE | |
| Loan Income | 415,464 |
| Investment Income | 272,622 |
| Other Income | 56,852 |
| Total Employee Compensation & Benefits | 260,000 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 423,104 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 33,843 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 120,186 |
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