Dec, 31, 2023 — BLUEGRASS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ASHLAND, KY with 1 branch location and about $11.52 million in total assets. Opened 66 years ago in 1958, BLUEGRASS COMMUNITY FEDERAL CREDIT UNION has about 1,877 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 |
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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: | 1,877 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12648 |
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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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,518,753 |
CEO/Manager: | Jeffrey A Carr |
Chairperson: | James A Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 789,277 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 318,834 |
Unsecured Loans | 1,220,847 |
Other Loans | 8,832,692 |
TOTAL LOANS | 10,372,373 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,936 |
Land And Building | 212,325 |
Other Fixed Assets | 23,524 |
NCUSIF Deposit | 99,269 |
All Other Assets | 0 |
TOTAL ASSETS | 11,518,753 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 68 |
Notes & Interest Payable | 165,562 |
Accounts Payable & Other Liabilities | 191,073 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 617,392 |
Regular shares | 4,713,094 |
All Other Shares & Deposits | 4,653,816 |
TOTAL SHARES & DEPOSITS | 9,984,302 |
TOTAL LIABILITIES | 10,341,005 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,177,748 |
TOTAL EQUITY | 1,177,748 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,518,753 |
INCOME & EXPENSE | |
Loan Income | 770,272 |
Investment Income | 23,805 |
Other Income | 112,124 |
Total Employee Compensation & Benefits | 243,701 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 385,533 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 109,506 |
Cost of Funds | 139,139 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 224,356 |
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