Dec, 31, 2023 — BREWSTER FEDERAL CREDIT UNION is a federal credit union headquartered in BREWSTER, OH with 1 branch location and about $31.32 million in total assets. Opened 68 years ago in 1956, BREWSTER FEDERAL CREDIT UNION has about 2,927 members and employs 9 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 |
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Address: (Main Office) | 105 Wabash Ave S BREWSTER, OH 44613 |
Phone: | (330) 767-4345 |
Fax: | (330) 767-4666 |
Website: | https://www.brewsterfcu.org |
Branches: | 1 branch locations |
Members: | 2,927 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11445 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,315,135 |
CEO/Manager: | Joanne L Smith |
Chairperson: | Greg J Remenaric |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,964,302 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,033,076 |
Unsecured Loans | 862,266 |
Other Loans | 12,036,762 |
TOTAL LOANS | 13,968,128 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,376 |
Land And Building | 214,261 |
Other Fixed Assets | 44,171 |
NCUSIF Deposit | 276,287 |
All Other Assets | 0 |
TOTAL ASSETS | 31,315,135 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 268,365 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,099,281 |
Regular shares | 18,415,954 |
All Other Shares & Deposits | 1,003,761 |
TOTAL SHARES & DEPOSITS | 26,518,997 |
TOTAL LIABILITIES | 26,787,362 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,527,773 |
TOTAL EQUITY | 4,527,773 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,315,135 |
INCOME & EXPENSE | |
Loan Income | 740,911 |
Investment Income | 391,305 |
Other Income | 252,294 |
Total Employee Compensation & Benefits | 514,471 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 534,287 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,198 |
Cost of Funds | 17,785 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 453,591 |
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