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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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