Dec, 31, 2022 — BLUEGRASS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ASHLAND, KY with 1 branch location and about $11.49 million in total assets. Opened 65 years ago in 1958, BLUEGRASS COMMUNITY FEDERAL CREDIT UNION has about 1,901 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLUEGRASS COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2321 Carter Ave ASHLAND, KY 41101 |
| Phone: | (606) 324-0888 |
| Fax: | (606) 324-0898 |
| Website: | https://www.bluegrasscreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,901 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12648 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,494,712 |
| CEO/Manager: | Robert J Bradley |
| Chairperson: | James A Martin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,060,186 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 422,299 |
| Unsecured Loans | 1,144,033 |
| Other Loans | 8,335,394 |
| TOTAL LOANS | 9,901,726 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -127,563 |
| Land And Building | 214,896 |
| Other Fixed Assets | 26,933 |
| NCUSIF Deposit | 98,750 |
| All Other Assets | 17,223 |
| TOTAL ASSETS | 11,494,712 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,553 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 319,319 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 855,399 |
| Regular shares | 6,150,586 |
| All Other Shares & Deposits | 3,234,311 |
| TOTAL SHARES & DEPOSITS | 10,240,296 |
| TOTAL LIABILITIES | 10,562,168 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 932,544 |
| TOTAL EQUITY | 932,544 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,494,712 |
| INCOME & EXPENSE | |
| Loan Income | 507,288 |
| Investment Income | 3,943 |
| Other Income | 75,827 |
| Total Employee Compensation & Benefits | 158,065 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 305,230 |
| Non-operating Income & (Expense) | 4,806 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,515 |
| Cost of Funds | 23,929 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 121,567 |
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