Jun, 30, 2023 — BEREA FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 0 branch location and about $106,119 in total assets. Opened 41 years ago in 1982, BEREA FEDERAL CREDIT UNION has about 92 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1641 Bergen St BROOKLYN, NY 11213-2416 |
| Phone: | (718) 778-5617 |
| Fax: | (718) 771-3854 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 92 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23888 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $106,119 |
| CEO/Manager: | Forrest Williams-McDonald |
| Chairperson: | ARLEE GRIFFIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 82,209 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 13,971 |
| Other Loans | 0 |
| TOTAL LOANS | 13,971 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -978 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 625 |
| All Other Assets | 0 |
| TOTAL ASSETS | 106,119 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 71 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 90,546 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 90,546 |
| TOTAL LIABILITIES | 90,617 |
| Regular Reserve | 0 |
| Other Reserves | 11,484 |
| Undivided Earnings | 4,018 |
| TOTAL EQUITY | 15,502 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,119 |
| INCOME & EXPENSE | |
| Loan Income | 481 |
| Investment Income | 108 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,797 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,209 |
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