Sep, 30, 2025 — BULAB EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $2.44 million in total assets. Opened 54 years ago in 1972, BULAB EMPLOYEES FEDERAL CREDIT UNION has about 314 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BULAB EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1256 N McLean Blvd MEMPHIS, TN 38108 |
| Phone: | (901) 272-8325 |
| Fax: | (901) 272-6765 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 314 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20874 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,440,462 |
| CEO/Manager: | Terrie L Snavely |
| Chairperson: | Todd Teems |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 517,081 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 36,852 |
| Other Loans | 1,356,957 |
| TOTAL LOANS | 1,393,810 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,035 |
| Land And Building | 0 |
| Other Fixed Assets | 9 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 18,254 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,440,462 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,706 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,001 |
| Regular shares | 966,860 |
| All Other Shares & Deposits | 644,625 |
| TOTAL SHARES & DEPOSITS | 1,641,487 |
| TOTAL LIABILITIES | 1,650,193 |
| Regular Reserve | 0 |
| Other Reserves | 74,841 |
| Undivided Earnings | 715,428 |
| TOTAL EQUITY | 790,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,440,462 |
| INCOME & EXPENSE | |
| Loan Income | 89,232 |
| Investment Income | 25,883 |
| Other Income | 3,726 |
| Total Employee Compensation & Benefits | 73,084 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 35,501 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,690 |
| Cost of Funds | 16,596 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,650 |
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