Jun, 30, 2024 — BRUNSWICK COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in LAWRENCEVILLE, VA with 1 branch location and about $473,992 in total assets. Opened 69 years ago in 1955, BRUNSWICK COUNTY TEACHERS FEDERAL CREDIT UNION has about 378 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRUNSWICK COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 411 S Hicks St LAWRENCEVILLE, VA 23868-2100 |
| Phone: | (434) 848-2588 |
| Fax: | (434) 848-8181 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 378 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10636 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $473,992 |
| CEO/Manager: | Richard G Summiel |
| Chairperson: | Angela M Parker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 170,350 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 227,246 |
| Other Loans | 84,281 |
| TOTAL LOANS | 311,527 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,008 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 3,198 |
| All Other Assets | 0 |
| TOTAL ASSETS | 473,992 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 161 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,255 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 301,706 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 301,706 |
| TOTAL LIABILITIES | 307,122 |
| Regular Reserve | 0 |
| Other Reserves | 50,600 |
| Undivided Earnings | 116,270 |
| TOTAL EQUITY | 166,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 473,992 |
| INCOME & EXPENSE | |
| Loan Income | 33,029 |
| Investment Income | 992 |
| Other Income | 4,862 |
| Total Employee Compensation & Benefits | 12,202 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,852 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,641 |
| Cost of Funds | 700 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -25,512 |
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