Jun, 30, 2021 — BREWSTER FEDERAL CREDIT UNION is a federal credit union headquartered in BREWSTER, OH with 1 branch location and about $32.06 million in total assets. Opened 65 years ago in 1956, BREWSTER FEDERAL CREDIT UNION has about 3,347 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: | BREWSTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 115 BREWSTER, OH 44613 |
| Phone: | (330) 767-4345 |
| Fax: | (330) 767-4666 |
| Website: | http://www.brewsterfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,347 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11445 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,058,254 |
| CEO/Manager: | Joanne L Smith |
| Chairperson: | Greg J Remenaric |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,881,976 |
| TOTAL INVESTMENTS | 7,752,284 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 618,781 |
| Unsecured Loans | 758,122 |
| Other Loans | 9,503,824 |
| TOTAL LOANS | 10,901,140 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,599 |
| Land And Building | 237,374 |
| Other Fixed Assets | 19,450 |
| NCUSIF Deposit | 247,843 |
| All Other Assets | 183,786 |
| TOTAL ASSETS | 32,058,254 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 131,033 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,152,325 |
| Regular shares | 20,183,941 |
| All Other Shares & Deposits | 1,670,286 |
| TOTAL SHARES & DEPOSITS | 28,006,552 |
| TOTAL LIABILITIES | 28,137,585 |
| Regular Reserve | 255,802 |
| Other Reserves | 0 |
| Undivided Earnings | 3,664,867 |
| TOTAL EQUITY | 3,920,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,058,254 |
| INCOME & EXPENSE | |
| Loan Income | 333,285 |
| Investment Income | 34,433 |
| Other Income | 100,972 |
| Total Employee Compensation & Benefits | 257,402 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 230,657 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,100 |
| Cost of Funds | 12,464 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,397 |
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