Dec, 31, 2023 — BULAB EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $2.77 million in total assets. Opened 52 years ago in 1972, BULAB EMPLOYEES FEDERAL CREDIT UNION has about 351 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 |
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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: | 351 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20874 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,770,547 |
CEO/Manager: | Terrie L Snavely |
Chairperson: | Todd Teems |
ASSETS: | $ Amount |
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Cash & Equivalents | 287,194 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 48,095 |
Other Loans | 1,807,143 |
TOTAL LOANS | 1,855,238 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,200 |
Land And Building | 0 |
Other Fixed Assets | 1,316 |
NCUSIF Deposit | 22,575 |
All Other Assets | 0 |
TOTAL ASSETS | 2,770,547 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,970 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 172,759 |
Regular shares | 953,337 |
All Other Shares & Deposits | 851,001 |
TOTAL SHARES & DEPOSITS | 1,977,097 |
TOTAL LIABILITIES | 1,985,067 |
Regular Reserve | 0 |
Other Reserves | 74,841 |
Undivided Earnings | 710,639 |
TOTAL EQUITY | 785,480 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,770,547 |
INCOME & EXPENSE | |
Loan Income | 101,121 |
Investment Income | 40,429 |
Other Income | 8,629 |
Total Employee Compensation & Benefits | 70,285 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 42,487 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,305 |
Cost of Funds | 20,295 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 20,417 |
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» See also Statement of Financial Condition