Sep, 30, 2025 — BEACH MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in VIRGINIA BEACH, VA with 2 branch locations and about $184.39 million in total assets. Opened 56 years ago in 1970, BEACH MUNICIPAL FEDERAL CREDIT UNION has about 9,031 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEACH MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4164 Virginia Beach Blvd VIRGINIA BEACH, VA 23452 |
| Phone: | (757) 333-7787 |
| Fax: | (757) 395-4794 |
| Website: | https://www.beachmunicipal.org |
| Branches: | 2 branch locations |
| Members: | 9,031 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20394 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $184,393,640 |
| CEO/Manager: | Geri M Metzger |
| Chairperson: | Nianza Wallace |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,084,085 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,224,607 |
| Unsecured Loans | 11,676,010 |
| Other Loans | 50,764,269 |
| TOTAL LOANS | 94,664,886 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -364,441 |
| Land And Building | 3,496,588 |
| Other Fixed Assets | 291,347 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,327,404 |
| All Other Assets | 0 |
| TOTAL ASSETS | 184,393,640 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,166 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 881,345 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,520,323 |
| Regular shares | 51,055,962 |
| All Other Shares & Deposits | 78,697,445 |
| TOTAL SHARES & DEPOSITS | 159,273,730 |
| TOTAL LIABILITIES | 160,156,241 |
| Regular Reserve | 0 |
| Other Reserves | -1,089,458 |
| Undivided Earnings | 25,326,857 |
| TOTAL EQUITY | 24,237,399 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 184,393,640 |
| INCOME & EXPENSE | |
| Loan Income | 4,337,511 |
| Investment Income | 1,658,626 |
| Other Income | 548,375 |
| Total Employee Compensation & Benefits | 2,098,031 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,637,451 |
| Non-operating Income & (Expense) | 197,659 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 193,164 |
| Cost of Funds | 1,267,674 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,902,635 |
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