Dec, 31, 2023 — BALDWIN COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in BAY MINETTE, AL with 3 branch locations and about $28.48 million in total assets. Opened 65 years ago in 1959, BALDWIN COUNTY FEDERAL CREDIT UNION has about 2,503 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: | BALDWIN COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 2509 Hand Ave BAY MINETTE, AL 36507-4101 |
Phone: | (251) 937-0334 |
Fax: | (251) 580-1609 |
Website: | https://www.baldwincountyfcu.com |
Branches: | 3 branch locations |
Members: | 2,503 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13329 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,483,004 |
CEO/Manager: | Gary E Townsend |
Chairperson: | Ronald S Green |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,154,332 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,456,407 |
Unsecured Loans | 1,946,281 |
Other Loans | 7,847,781 |
TOTAL LOANS | 11,250,469 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,114 |
Land And Building | 178,924 |
Other Fixed Assets | 97,108 |
NCUSIF Deposit | 254,118 |
All Other Assets | 0 |
TOTAL ASSETS | 28,483,004 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 144,493 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 35,781 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,647,807 |
Regular shares | 15,207,903 |
All Other Shares & Deposits | 5,255,256 |
TOTAL SHARES & DEPOSITS | 25,110,966 |
TOTAL LIABILITIES | 25,291,240 |
Regular Reserve | 0 |
Other Reserves | 287,233 |
Undivided Earnings | 2,904,531 |
TOTAL EQUITY | 3,191,764 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,483,004 |
INCOME & EXPENSE | |
Loan Income | 668,932 |
Investment Income | 449,901 |
Other Income | 107,568 |
Total Employee Compensation & Benefits | 465,503 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 497,367 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,800 |
Cost of Funds | 263,580 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 119,218 |
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