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U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Bessemer, AL with 1 branch location and about $3.42 million in total assets. Opened 85 years ago in 1936, U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION has about 466 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2115 N 19th Street
Bessemer, AL 35020
Phone:(205) 428-5581
Fax:(205) 428-5581
Website:n/a
Branches:1 branch locations
Members:466
Credit Union Type:Federal Credit Union
Charter Number:1601
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,421,900
CEO/Manager:Teresa L Lambert
Chairperson:David W Hooper

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,046,429
TOTAL INVESTMENTS 1,302,246
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 106,912
 Other Loans 947,864
 TOTAL LOANS 1,054,776
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,603
 Land And Building 8,546
 Other Fixed Assets 5,020
 NCUSIF Deposit 17,530
 All Other Assets 8,956
  TOTAL ASSETS 3,421,900
LIABILITIES & CAPITAL:  
 Dividends Payable 14,840
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,790
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,292,760
 All Other Shares & Deposits 324,480
  TOTAL SHARES & DEPOSITS 2,617,240
  TOTAL LIABILITIES 2,636,870
 Regular Reserve 82,866
 Other Reserves 0
 Undivided Earnings 702,164
  TOTAL EQUITY 785,030
  TOTAL LIABILITIES, SHARES, & EQUITY 3,421,900
INCOME & EXPENSE  
 Loan Income 38,952
 Investment Income 7,572
 Other Income 2,018
 Total Employee Compensation & Benefits 25,230
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,768
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,319
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,918
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