Dec, 31, 2023 — U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER, AL with 1 branch location and about $3.02 million in total assets. Opened 88 years ago in 1936, U S PIPE BESSEMER EMPLOYEES FEDERAL CREDIT UNION has about 507 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 19th St N BESSEMER, AL 35020-8840 |
| Phone: | (205) 428-5581 |
| Fax: | (205) 428-5581 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 507 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,020,783 |
| CEO/Manager: | Teresa L Lambert |
| Chairperson: | David W Hooper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 917,380 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 173,617 |
| Other Loans | 794,098 |
| TOTAL LOANS | 967,715 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,857 |
| Land And Building | 8,546 |
| Other Fixed Assets | 3,740 |
| NCUSIF Deposit | 23,895 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,020,783 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,696 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,989,315 |
| All Other Shares & Deposits | 334,491 |
| TOTAL SHARES & DEPOSITS | 2,323,806 |
| TOTAL LIABILITIES | 2,331,791 |
| Regular Reserve | 0 |
| Other Reserves | 82,866 |
| Undivided Earnings | 606,126 |
| TOTAL EQUITY | 688,992 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,020,783 |
| INCOME & EXPENSE | |
| Loan Income | 93,721 |
| Investment Income | 38,876 |
| Other Income | 9,340 |
| Total Employee Compensation & Benefits | 63,950 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,297 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,000 |
| Cost of Funds | 15,394 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,928 |
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