Dec, 31, 2023 — B. M. H. FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, TN with 1 branch location and about $3.79 million in total assets. Opened 44 years ago in 1980, B. M. H. FEDERAL CREDIT UNION has about 485 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: | B. M. H. FEDERAL CREDIT UNION |
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Address: (Main Office) | 2305 CHAMBLISS AVE NW CLEVELAND, TN 37311 |
Phone: | (423) 559-6185 |
Fax: | (423) 559-6674 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 485 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23630 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,794,793 |
CEO/Manager: | Amy Mason |
Chairperson: | DEWAYNE BELEW |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,356,054 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 75,495 |
Other Loans | 1,128,813 |
TOTAL LOANS | 1,204,309 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,686 |
Land And Building | 0 |
Other Fixed Assets | 11 |
NCUSIF Deposit | 32,594 |
All Other Assets | 0 |
TOTAL ASSETS | 3,794,793 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,102 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,954 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,060,445 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,060,445 |
TOTAL LIABILITIES | 3,075,501 |
Regular Reserve | 0 |
Other Reserves | 18,441 |
Undivided Earnings | 700,851 |
TOTAL EQUITY | 719,292 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,794,793 |
INCOME & EXPENSE | |
Loan Income | 90,294 |
Investment Income | 90,658 |
Other Income | 4,616 |
Total Employee Compensation & Benefits | 78,293 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 37,413 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -292 |
Cost of Funds | 6,933 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 64,003 |
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