Dec, 31, 2020 — BREWSTER FEDERAL CREDIT UNION is a federal credit union headquartered in BREWSTER, OH with 1 branch location and about $29.17 million in total assets. Opened 65 years ago in 1956, BREWSTER FEDERAL CREDIT UNION has about 3,351 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: | 3,351 |
| 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: | $29,167,682 |
| CEO/Manager: | Joanne L Smith |
| Chairperson: | Greg J Remenaric |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,040,029 |
| TOTAL INVESTMENTS | 5,651,284 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 596,386 |
| Unsecured Loans | 818,399 |
| Other Loans | 9,644,436 |
| TOTAL LOANS | 11,090,223 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -174,305 |
| Land And Building | 234,209 |
| Other Fixed Assets | 23,187 |
| NCUSIF Deposit | 204,087 |
| All Other Assets | 98,968 |
| TOTAL ASSETS | 29,167,682 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 152,399 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,619,349 |
| Regular shares | 17,778,640 |
| All Other Shares & Deposits | 1,721,023 |
| TOTAL SHARES & DEPOSITS | 25,119,012 |
| TOTAL LIABILITIES | 25,271,411 |
| Regular Reserve | 255,802 |
| Other Reserves | 0 |
| Undivided Earnings | 3,640,469 |
| TOTAL EQUITY | 3,896,271 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,167,682 |
| INCOME & EXPENSE | |
| Loan Income | 732,495 |
| Investment Income | 194,666 |
| Other Income | 331,456 |
| Total Employee Compensation & Benefits | 483,684 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 495,748 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,601 |
| Cost of Funds | 35,680 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 136,904 |
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