Dec, 31, 2023 — BALTIMORE COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TOWSON, MD with 3 branch locations and about $498.15 million in total assets. Opened 61 years ago in 1963, BALTIMORE COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 29,048 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BALTIMORE COUNTY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 23 W Susquehanna Ave TOWSON, MD 21204 |
Phone: | (410) 828-4730 |
Fax: | (410) 828-0325 |
Website: | https://www.bcefcu.com |
Branches: | 3 branch locations |
Members: | 29,048 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15394 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $498,151,910 |
CEO/Manager: | David P Hagar |
Chairperson: | M. Jeffrey Mayhew |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,156,858 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 170,309,181 |
Unsecured Loans | 30,201,971 |
Other Loans | 117,839,289 |
TOTAL LOANS | 318,350,441 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,419,377 |
Land And Building | 3,050,566 |
Other Fixed Assets | 283,556 |
NCUSIF Deposit | 4,529,192 |
All Other Assets | 0 |
TOTAL ASSETS | 498,151,910 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 3,248,400 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 64,273,415 |
Regular shares | 214,184,300 |
All Other Shares & Deposits | 181,510,438 |
TOTAL SHARES & DEPOSITS | 459,968,153 |
TOTAL LIABILITIES | 473,216,553 |
Regular Reserve | 0 |
Other Reserves | -12,463,095 |
Undivided Earnings | 37,398,452 |
TOTAL EQUITY | 24,935,357 |
TOTAL LIABILITIES, SHARES, & EQUITY | 498,151,910 |
INCOME & EXPENSE | |
Loan Income | 11,288,013 |
Investment Income | 2,793,170 |
Other Income | 2,273,871 |
Total Employee Compensation & Benefits | 6,108,434 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,228,167 |
Non-operating Income & (Expense) | 67,229 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 500,500 |
Cost of Funds | 3,940,373 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 510,198 |
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