Jun, 30, 2024 — BCM FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 2 branch locations and about $50.01 million in total assets. Opened 65 years ago in 1959, BCM FEDERAL CREDIT UNION has about 5,094 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BCM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Baylor Plz Ste 59E HOUSTON, TX 77030-3411 |
| Phone: | (713) 798-4820 |
| Fax: | (713) 798-4200 |
| Website: | https://www.bcmfcu.com |
| Branches: | 2 branch locations |
| Members: | 5,094 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12892 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,007,082 |
| CEO/Manager: | Tony L Black |
| Chairperson: | Danette Bagley Thierry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,995,235 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,685,279 |
| Unsecured Loans | 4,238,406 |
| Other Loans | 10,285,161 |
| TOTAL LOANS | 21,208,846 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -550,376 |
| Land And Building | 9,528 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 361,677 |
| All Other Assets | 16,872 |
| TOTAL ASSETS | 50,007,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,146 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 198,545 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,090,327 |
| Regular shares | 33,390,728 |
| All Other Shares & Deposits | 2,532,042 |
| TOTAL SHARES & DEPOSITS | 46,013,097 |
| TOTAL LIABILITIES | 46,221,788 |
| Regular Reserve | 0 |
| Other Reserves | 1,491,240 |
| Undivided Earnings | 2,294,054 |
| TOTAL EQUITY | 3,785,294 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,007,082 |
| INCOME & EXPENSE | |
| Loan Income | 909,757 |
| Investment Income | 113,097 |
| Other Income | 156,560 |
| Total Employee Compensation & Benefits | 489,965 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 572,648 |
| Non-operating Income & (Expense) | 49,215 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,188,731 |
| Cost of Funds | 75,587 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -968,091 |
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