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BULAB EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — BULAB EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $3.57 million in total assets. Opened 49 years ago in 1972, BULAB EMPLOYEES FEDERAL CREDIT UNION has about 411 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:411
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:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,570,572
CEO/Manager:Terrie L Snavely
Chairperson:Todd Teems

Call Report

  • Credit Builder
  • Micro Consumer Loans
  • Overdraft Protection
  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 372,560
TOTAL INVESTMENTS 721,215
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 44,086
 Other Loans 2,419,056
 TOTAL LOANS 2,463,142
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,505
 Land And Building 0
 Other Fixed Assets 5,720
 NCUSIF Deposit 29,387
 All Other Assets 5,053
  TOTAL ASSETS 3,570,572
LIABILITIES & CAPITAL:  
 Dividends Payable 169
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,751
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 127,826
 Regular shares 1,437,626
 All Other Shares & Deposits 1,235,765
  TOTAL SHARES & DEPOSITS 2,801,217
  TOTAL LIABILITIES 2,808,137
 Regular Reserve 74,841
 Other Reserves 0
 Undivided Earnings 687,594
  TOTAL EQUITY 762,435
  TOTAL LIABILITIES, SHARES, & EQUITY 3,570,572
INCOME & EXPENSE  
 Loan Income 29,614
 Investment Income 1,508
 Other Income 1,444
 Total Employee Compensation & Benefits 14,643
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,260
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,282
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,381
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