Dec, 31, 2023 — BACK MOUNTAIN FEDERAL CREDIT UNION is a federal credit union headquartered in SHAVERTOWN, PA with 1 branch location and about $9.23 million in total assets. Opened 51 years ago in 1973, BACK MOUNTAIN FEDERAL CREDIT UNION has about 710 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: | BACK MOUNTAIN FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1501 Memorial Hwy SHAVERTOWN, PA 18708 |
Phone: | (570) 696-1633 |
Fax: | (570) 696-1643 |
Website: | https://backmtnfcu.com |
Branches: | 1 branch locations |
Members: | 710 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21458 |
---|---|
Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,225,208 |
CEO/Manager: | Patricia Feher |
Chairperson: | William Hardwick |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 617,131 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 294,103 |
Unsecured Loans | 653,604 |
Other Loans | 2,660,575 |
TOTAL LOANS | 3,608,282 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,087 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 83,317 |
All Other Assets | 0 |
TOTAL ASSETS | 9,225,208 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,375 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,290,828 |
All Other Shares & Deposits | 5,135,332 |
TOTAL SHARES & DEPOSITS | 7,426,160 |
TOTAL LIABILITIES | 7,433,535 |
Regular Reserve | 0 |
Other Reserves | 112,609 |
Undivided Earnings | 1,679,064 |
TOTAL EQUITY | 1,791,673 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,225,208 |
INCOME & EXPENSE | |
Loan Income | 191,459 |
Investment Income | 92,989 |
Other Income | 260 |
Total Employee Compensation & Benefits | 76,874 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 74,819 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,183 |
Cost of Funds | 118,506 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -23,526 |
↑ Back to Top |