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BREWSTER FEDERAL CREDIT UNION

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

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Financial Summary

» See also Statement of Financial Condition
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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