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BULAB EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — BULAB EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $3.24 million in total assets. Opened 50 years ago in 1972, BULAB EMPLOYEES FEDERAL CREDIT UNION has about 388 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:388
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,237,415
CEO/Manager:Terrie L Snavely
Chairperson:Todd Teems

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 544,090
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 58,206
 Other Loans 2,104,533
 TOTAL LOANS 2,162,739
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,505
 Land And Building 0
 Other Fixed Assets 3,102
 NCUSIF Deposit 24,943
 All Other Assets 0
  TOTAL ASSETS 3,237,415
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,597
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 197,772
 Regular shares 1,184,114
 All Other Shares & Deposits 1,082,348
  TOTAL SHARES & DEPOSITS 2,464,234
  TOTAL LIABILITIES 2,471,831
 Regular Reserve 0
 Other Reserves 74,841
 Undivided Earnings 690,743
  TOTAL EQUITY 765,584
  TOTAL LIABILITIES, SHARES, & EQUITY 3,237,415
INCOME & EXPENSE  
 Loan Income 26,872
 Investment Income 778
 Other Income 1,225
 Total Employee Compensation & Benefits 15,398
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,432
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,138
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,966
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