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BREWTON MILL FEDERAL CREDIT UNION

Jun, 30, 2023 — BREWTON MILL FEDERAL CREDIT UNION is a federal credit union headquartered in BREWTON, AL with 1 branch location and about $27.01 million in total assets. Opened 65 years ago in 1959, BREWTON MILL FEDERAL CREDIT UNION has about 1,748 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BREWTON MILL FEDERAL CREDIT UNION
Address:
(Main Office)
2549 South Blvd
BREWTON, AL 36426
Phone:(251) 867-3162
Fax:(251) 867-3114
Website:https://www.brewtonmillfcu.org
Branches:1 branch locations
Members:1,748
Credit Union Type:Federal Credit Union
Charter Number:12790
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1959
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$27,010,913
CEO/Manager:Linda L Williamson
Chairperson:Hugh B Miller

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 838,782
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 146,145
 Unsecured Loans 715,354
 Other Loans 19,774,140
 TOTAL LOANS 20,637,326
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -59,072
 Land And Building 585,587
 Other Fixed Assets 55,252
 NCUSIF Deposit 189,190
 All Other Assets 9,000
  TOTAL ASSETS 27,010,913
LIABILITIES & CAPITAL:  
 Dividends Payable 19,478
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 165,878
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,136,257
 Regular shares 11,655,261
 All Other Shares & Deposits 10,934,231
  TOTAL SHARES & DEPOSITS 24,725,749
  TOTAL LIABILITIES 24,911,105
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,099,808
  TOTAL EQUITY 2,099,808
  TOTAL LIABILITIES, SHARES, & EQUITY 27,010,913
INCOME & EXPENSE  
 Loan Income 738,614
 Investment Income 51,298
 Other Income 188,480
 Total Employee Compensation & Benefits 304,315
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 376,929
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,780
 Cost of Funds 188,803
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 124,650
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