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BREWTON MILL FEDERAL CREDIT UNION

Jun, 30, 2021 — BREWTON MILL FEDERAL CREDIT UNION is a federal credit union headquartered in BREWTON, AL with 1 branch location and about $24.26 million in total assets. Opened 62 years ago in 1959, BREWTON MILL FEDERAL CREDIT UNION has about 1,699 members and employs 7 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)
P.O. BOX 907
BREWTON, AL 36427
Phone:(251) 867-3162
Fax:(251) 867-3114
Website:http://www.brewtonmillfcu.org
Branches:1 branch locations
Members:1,699
Credit Union Type:Federal Credit Union
Charter Number:12790
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1959
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$24,255,891
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 1,011,369
TOTAL INVESTMENTS 4,988,488
Loans Held for Sale 0
 
 Real Estate Loans 207,526
 Unsecured Loans 712,884
 Other Loans 16,347,976
 TOTAL LOANS 17,295,650
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -92,786
 Land And Building 599,312
 Other Fixed Assets 13,236
 NCUSIF Deposit 207,937
 All Other Assets 232,685
  TOTAL ASSETS 24,255,891
LIABILITIES & CAPITAL:  
 Dividends Payable 17,634
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 120,151
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,042,620
 Regular shares 10,845,156
 All Other Shares & Deposits 9,290,469
  TOTAL SHARES & DEPOSITS 22,178,245
  TOTAL LIABILITIES 22,316,030
 Regular Reserve 342,565
 Other Reserves 0
 Undivided Earnings 1,597,296
  TOTAL EQUITY 1,939,861
  TOTAL LIABILITIES, SHARES, & EQUITY 24,255,891
INCOME & EXPENSE  
 Loan Income 441,812
 Investment Income 26,405
 Other Income 83,056
 Total Employee Compensation & Benefits 212,082
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 216,782
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,214
 Cost of Funds 131,825
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 32,430
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